Re:Top Bitcoin dev gets owned
by reedjosh on Monday January 02, 2023 @11:49AM
(#34220102)
If these societal constructs fail what good are they?
Don't get me wrong, I think they're all probably decent as investments, buy they're a completely different asset class.
I put BTC in the Gold/Silver category in that it can be a hedge against societal issues. In this particular moment, I see BTC as a hedge against the ongoing de-dollarization and eventual inflation or plain lack of purchasing power that could cause.
I also see it as a means of censorship resistance.
Further BTC or any sufficiently distributed money is a way to limit bank/government power since they actually have to tax instead of minting new money.
Don't get me wrong, I think they're all probably decent as investments, buy they're a completely different asset class.
I put BTC in the Gold/Silver category in that it can be a hedge against societal issues. In this particular moment, I see BTC as a hedge against the ongoing de-dollarization and eventual inflation or plain lack of purchasing power that could cause.
I also see it as a means of censorship resistance.
Further BTC or any sufficiently distributed money is a way to limit bank/government power since they actually have to tax instead of minting new money.