SHSS on Nostr: Bitcoin is not an IOU. If you wanted to compare bitcoin with actual bitcoin IOUs like ...
Bitcoin is not an IOU. If you wanted to compare bitcoin with actual bitcoin IOUs like holding bitcoin on an exchange then that’s a fair comparison. A defaulted bitcoin IOU does not satisfy any need, so I’m guessing you think bitcoin does not satisfy any need. That may very well be the case for you, but for the many people that hold bitcoin it satisfy the need to store value among other things like the need to send value across borders for those without access to the banking system.
Published at
2023-08-27 21:16:56Event JSON
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"pubkey": "bdf02ee67066fdeba255e1ac77d67ad95048ded50eb885a01cab39156e4282df",
"created_at": 1693171016,
"kind": 1,
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"content": "Bitcoin is not an IOU. If you wanted to compare bitcoin with actual bitcoin IOUs like holding bitcoin on an exchange then that’s a fair comparison. A defaulted bitcoin IOU does not satisfy any need, so I’m guessing you think bitcoin does not satisfy any need. That may very well be the case for you, but for the many people that hold bitcoin it satisfy the need to store value among other things like the need to send value across borders for those without access to the banking system.",
"sig": "46c59ddbe4dc3235c190252008964ae7baad45c0c837f2a7396e4eff9432a6bfc2d713a9dcd51f1c225e1569b1176f5d640f9e344d72d105f410bbac9f8d9e69"
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