Solstin on Nostr: #AES #Bitcoin §37 Crypto is a Scam, Fiat Inflation Is Theft Unlike crypto, Bitcoin ...
#AES #Bitcoin §37
Crypto is a Scam, Fiat Inflation Is Theft
Unlike crypto, Bitcoin is not a security. No liability attached. By definition, a security has a liability attached to it. The U.S. dollar has liability to the U.S. government…meaning the U.S. can debase it. Bitcoin cannot be debased. Less than twenty-one million units, forever. Bitcoin is owning a “bearer asset,” and a bearer asset means you hold it. Commodities, such as gold, fit into this asset class. Commodities do not have liabilities. Bitcoin is a commodity. The scarcest commodity ever created. After the 2024 halving, Bitcoin will be scarcer than gold.
Fiat is not a commodity. Crypto is not a commodity. This is why fiat and crypto are close cousins.
Crypto is a Scam, Fiat Inflation Is Theft
Unlike crypto, Bitcoin is not a security. No liability attached. By definition, a security has a liability attached to it. The U.S. dollar has liability to the U.S. government…meaning the U.S. can debase it. Bitcoin cannot be debased. Less than twenty-one million units, forever. Bitcoin is owning a “bearer asset,” and a bearer asset means you hold it. Commodities, such as gold, fit into this asset class. Commodities do not have liabilities. Bitcoin is a commodity. The scarcest commodity ever created. After the 2024 halving, Bitcoin will be scarcer than gold.
Fiat is not a commodity. Crypto is not a commodity. This is why fiat and crypto are close cousins.