Laeserin on Nostr: The problem with this is that they're taking their bond/gold-bar mentality "assets ...
The problem with this is that they're taking their bond/gold-bar mentality "assets you keep in reserve or use to back currency" to Bitcoin.
But Bitcoin is supposed to also function as a currency, directly or over tied rails. If it doesn't work for normal people as a currency, it is just a new set of gold bars for the rich to horde, and normies will evade to some other currency.
This was the momentum behind Doge Coin, after all.
Published at
2024-04-09 07:40:22Event JSON
{
"id": "eee4dc8a5a07b2ca96b7406c94c3a52d9aeb66ea40efb043a2fcb0ca9dbb539d",
"pubkey": "dd664d5e4016433a8cd69f005ae1480804351789b59de5af06276de65633d319",
"created_at": 1712648422,
"kind": 1,
"tags": [
[
"e",
"28a5292801ddcb25bfc27807d8c98a913147c91087a6ccf306e3f3280d128c50",
"wss://filter.nostr.wine/npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl?broadcast=true",
"root"
],
[
"e",
"6bb2db6909d0d01aec1260ef22af0ec21adae4466f416ceb7d3da99413af0362",
"wss://nostr.wine/",
"reply"
],
[
"p",
"8e432ad14d3955d0863b975778f0c8817ef88c9f119d626da1a3face584bda73",
"",
"mention"
],
[
"p",
"8b5a1b71dc21c6200f66f9d314f87b5333a545440aa9d5960155ba6b1352ee1d",
"",
"mention"
]
],
"content": "The problem with this is that they're taking their bond/gold-bar mentality \"assets you keep in reserve or use to back currency\" to Bitcoin.\n\nBut Bitcoin is supposed to also function as a currency, directly or over tied rails. If it doesn't work for normal people as a currency, it is just a new set of gold bars for the rich to horde, and normies will evade to some other currency.\nThis was the momentum behind Doge Coin, after all.",
"sig": "d90ac820474e0470583bf768ac6663b94602ea8032b6510fa34e4ac6cff5f8e7e7883f98c488f78ff41ecd440b04ac64917a912fde57fe93cf4d9dfcdfbe5bc9"
}
