Re:In Defense of Bitcoin Maximalism
by smeej on Friday April 01, 2022 @10:00AM
(#30878146)
The comparison isn't reasonably between "sovereign control of your wealth" and "in total control of what everyone else values." That doesn't even make sense.
The question worth asking is about how controlling your own wealth, but having to trust the value of it to a giant swath of people over which no one entity has any significant control, compares to not having any control of your own wealth, AND having the value of any wealth you do have dependent entirely on the will of some unelected bureaucrat.
The question worth asking is about how controlling your own wealth, but having to trust the value of it to a giant swath of people over which no one entity has any significant control, compares to not having any control of your own wealth, AND having the value of any wealth you do have dependent entirely on the will of some unelected bureaucrat.