mikedilger on Nostr: Many countries still use cash, but less and less so. NZ has cash, but half the ...
Many countries still use cash, but less and less so. NZ has cash, but half the supermarket checkouts don't take it (you have to get in the right line).
Bitcoin is tracked on the blockchain, but not the associations between who owns which addresses. That is why I think KYC rules are going to become more onerous.
I totally agree it is great for long distance transactions.
I also agree it is a great long-term store of value (among many others). I think real estate and commodities have their place.
Published at
2025-02-24 04:26:58Event JSON
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"content": "Many countries still use cash, but less and less so. NZ has cash, but half the supermarket checkouts don't take it (you have to get in the right line).\n\nBitcoin is tracked on the blockchain, but not the associations between who owns which addresses. That is why I think KYC rules are going to become more onerous.\n\nI totally agree it is great for long distance transactions.\n\nI also agree it is a great long-term store of value (among many others). I think real estate and commodities have their place.",
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