Replying to Avatar Martín 🧉🫂🇦🇷

You don't need money to be decentralized per-se, nor to be digital.

In the #Bitcoin case it needs to be decentralized and digital to be trustless, not to be money.

That is how I think about it at least 🤔 🫡 🫂
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Daniella ✨ 1y ago

Hey Martin!

Thanks for the comment, great points. Just curious vs gold and the advantages for humanity.

Bitcoin being digital is a huge advantage when considering international trade, especially vs gold. So I do think the digital aspect is a huge plus when it comes to monetary properties.

I agree that trustless and decentralized go hand in hand. Maybe I am a bit biased, it is true that they are not necessary for trade per se.. I do believe these properties set a new standard to offer Humanity a money is fair for all and cannot be coopted though. These properties assure a "Money" that serves all of humanity instead of a minority. That's how I see #Bitcoin 🧡✨

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Martín 🧉🫂🇦🇷 1y ago

Yes! thinking about this topics always blows my mind. I'm just finishing The Bitcoin Standard, if you haven't read it I highly recommend it!

For me the weirdest thing about bitcoin is that sets an example outside the scope of Mises's regression theorem, it was never used industrially or for anything else. Is design money 🤯 an antibody against fiat.

It seems to me that this shows that the regression theorem is a particular case of a broader phenomenon but before Bitcoin we didn't have anything to use as an example of that