dr.orlovsky on Nostr: So there this all leaves us regarding the #Bitcoin future? My opinion: 1. Bitcoin as ...
So there this all leaves us regarding the #Bitcoin future? My opinion:
1. Bitcoin as the most censorship-resistant tech will stay for sure - and is required for the economy. That’s why I distinguish BTC-as-money from Bitcoin-as-technology. Not “blockchain technology“, which doesn’t provides censorship resistance, but “bitcoin-based technology”!
2. This provides utility, i.e. we will face BTC-as-a-utility. It also has utility is a the first (thus the only) digital scarcity. So it will have a value - potentially growing value - and will remain volatile.
3. Thus, BTC will be used as a collateral to produce liquid credit - and the emergence of things like @fedimint proves that.
I.e. Bitcoin is a civilization-level of importance tech and BTC is a store of value (with its own risk profile), a digital scarcity and, if you will, a hard and sound “money” - but I doubt it will ever become a means of exchange and unit of accounting (thus I wonder whether term “money” is applicable to something which is not MoE and not UoA).
1. Bitcoin as the most censorship-resistant tech will stay for sure - and is required for the economy. That’s why I distinguish BTC-as-money from Bitcoin-as-technology. Not “blockchain technology“, which doesn’t provides censorship resistance, but “bitcoin-based technology”!
2. This provides utility, i.e. we will face BTC-as-a-utility. It also has utility is a the first (thus the only) digital scarcity. So it will have a value - potentially growing value - and will remain volatile.
3. Thus, BTC will be used as a collateral to produce liquid credit - and the emergence of things like @fedimint proves that.
I.e. Bitcoin is a civilization-level of importance tech and BTC is a store of value (with its own risk profile), a digital scarcity and, if you will, a hard and sound “money” - but I doubt it will ever become a means of exchange and unit of accounting (thus I wonder whether term “money” is applicable to something which is not MoE and not UoA).