GoatLivesMatter on Nostr: Why do you like Bitcoin so much. I'm just luke warm on it. Here are my reasons... ...
Why do you like Bitcoin so much. I'm just luke warm on it. Here are my reasons... help me understand why I'm wrong.
1) People don't generally transact with it.... My neighbor wont exchange it for anything.
2) If SHTF, or the Internet is down, or the power grid goes out... pretending I had an asset in cyber space won't do me a bit of good. (Same with the dollar, unless I have cash... and that will probably be worthless)
3) It's the "Emperor's New Clothes"... it isn't actually backed by anything. If I have stock in a company... the company has assets (buildings, materials, etc, etc)
Looking forward to a response. Thank you, and happy St. Patrick's Day.
1) People don't generally transact with it.... My neighbor wont exchange it for anything.
2) If SHTF, or the Internet is down, or the power grid goes out... pretending I had an asset in cyber space won't do me a bit of good. (Same with the dollar, unless I have cash... and that will probably be worthless)
3) It's the "Emperor's New Clothes"... it isn't actually backed by anything. If I have stock in a company... the company has assets (buildings, materials, etc, etc)
Looking forward to a response. Thank you, and happy St. Patrick's Day.