shutosha on Nostr: #bitcoin is certainly not a currency! To make something a currency - the fundamental ...
#bitcoin is certainly not a currency!
To make something a currency - the fundamental requirement is
- It must provide a fix price for goods and services .
- it must be tax free.
It takes hell lot of management and intervention to stabilize the prices beyond a basic immutable ledger .. unless bit oin network provides that rigor , #bitcoin can't be used as currency ..
A better alternative however is if Fed intervenes to stablize #bitcoin price ...but that would be super fail ..becuse then #bitcoin would cease to an asset ..
And it is THE BEST Asset ... Humans should latch on to it like their lives depend on it :+)
To make something a currency - the fundamental requirement is
- It must provide a fix price for goods and services .
- it must be tax free.
It takes hell lot of management and intervention to stabilize the prices beyond a basic immutable ledger .. unless bit oin network provides that rigor , #bitcoin can't be used as currency ..
A better alternative however is if Fed intervenes to stablize #bitcoin price ...but that would be super fail ..becuse then #bitcoin would cease to an asset ..
And it is THE BEST Asset ... Humans should latch on to it like their lives depend on it :+)
quoting nevent1q…v0leHighly recommend this lecture for anyone interested in how central bank fixes the short term interest rate. - very simplified ! #money #lectures
https://youtu.be/b5H8D_wD2AY?si=G43NWQ7oRAzIDqh_