moid on Nostr: I don’t think I said that? I said the internet could fragment, to some extent it ...
I don’t think I said that? I said the internet could fragment, to some extent it already has in China.
I been studying BTC for six years, perhaps I’m too slow but I still see no reason to own it, sorry :) The energy doesn’t bother me it’s the whole trustless thing. Money requires trust by definition.
A totally deflationary currency means folks like me, who save a lot, would end up with all the coins :)
No one backs it and it depends on state laws to protect it as property.
It seems to have zero value as money, except in international transfers where it allows folks to escape the predators in the banks.
Owning it only seems worth it to sell to a greater fool. It’s still in the inflationary phase, which allows the greater fool game to continue. Long term it could be like gold and other real things like violins, except you can’t play it. It’s just another number on the number line.
I appreciate your work and enjoy your essays. I’ve learned from them. As an investor I should hold some as the prudent thing, I just can’t get there yet.
I been studying BTC for six years, perhaps I’m too slow but I still see no reason to own it, sorry :) The energy doesn’t bother me it’s the whole trustless thing. Money requires trust by definition.
A totally deflationary currency means folks like me, who save a lot, would end up with all the coins :)
No one backs it and it depends on state laws to protect it as property.
It seems to have zero value as money, except in international transfers where it allows folks to escape the predators in the banks.
Owning it only seems worth it to sell to a greater fool. It’s still in the inflationary phase, which allows the greater fool game to continue. Long term it could be like gold and other real things like violins, except you can’t play it. It’s just another number on the number line.
I appreciate your work and enjoy your essays. I’ve learned from them. As an investor I should hold some as the prudent thing, I just can’t get there yet.