Holding Bitcoin takes an insane amount of responsibility. Most people would rather a bank manage that. Only crazy assholes like us want to hold our own keys.
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Replying to @mi__maj @SoakerPatoshi and
Yes but holding Bitcoin at a bank is still holding Bitcoin. This guy was proposing we hold state fiat that’s pegged to bitcoin instead
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Replying to @MustStopMurad @mi__maj and
Is he really proposing that you hold one asset versus another? Or is he proposing that state fiat pegged to bitcoin is a likelihood, and provides a similar net impact as hyperbitcoinization in the purest sense?
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Replying to @FluidFluxation @MustStopMurad and
I think your missing the argument he's making
@MustStopMurad He's talking macro economic impacts, and your talking about individual asset preference.1 reply 0 retweets 3 likes -
Replying to @FluidFluxation @MustStopMurad and
If we have the premise that the value trends are the same, we cannot then say "but people will prefer one over the other" That the value trends are the same is an indication of equal preference.
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Replying to @SoakerPatoshi @MustStopMurad and
Well speaking purely in terms of ideal money, I think you are correct. I think the black swan to your argument is that bitcoin becomes useful beyond money, a la on chain computation. In such a scenario, I see bitcoin still being the international stabilizing force
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Replying to @FluidFluxation @SoakerPatoshi and
But asset preference may be biased towards bitcoin if there is additional utility enabled.
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Replying to @FluidFluxation @MustStopMurad and
If the value trends are perfectly comparable, how could u suggest the markets prefer one over the other? Even if one killed you and the other made you superman?
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Replying to @SoakerPatoshi @MustStopMurad and
I meant individual preference. Even if Fiat becomes perfectly stabilized internationally, some bitcoiners are never coming back.
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Replying to @FluidFluxation @MustStopMurad and
If the value trends are the same then the preferences are effectively equal.
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Only so long as we consider ideal money to be the ceiling of bitcoin potential/use and respective valuation.
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