Ian "nostr.naut.social" D on Nostr: The point of money is being able to convert it to things you need, when you need ...
The point of money is being able to convert it to things you need, when you need them. Food, shelter, etc. THAT requires a counterparty that considers what you offer, to be money that they can spend in turn.
The MATH says "there will never be more than 21M BTC". Society determines what that will actually get you. It will get you more if 7BN people view it as money than if 2000 people on an island do.
The US passing silly rules isn't going to knock bitcoin down to worthless in dollar terms. MOST countries doing so, could.
I view this as an unlikely outcome, (it's why I'm long). But not an impossible one by any means.
The MATH says "there will never be more than 21M BTC". Society determines what that will actually get you. It will get you more if 7BN people view it as money than if 2000 people on an island do.
The US passing silly rules isn't going to knock bitcoin down to worthless in dollar terms. MOST countries doing so, could.
I view this as an unlikely outcome, (it's why I'm long). But not an impossible one by any means.