My point that given most people’s broken narrative of Bitcoin as a “better PayPal”, etc., that it poses a potential threat. We can both agree that it is in no way competitive to Bitcoin. I am just thinking through any potential threats and “digital fiat” is one of them IMO.
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Digital fiat isn’t a threat to Bitcoin as hard immutable money/SOV
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I prefer to live my life sweating out the dystopian future where Facebook-driven digital token adoption to billions is a non-zero threat.
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I'm trying to understand where you're coming from but saying "digital fiat" is a threat to bitcoin is like saying the USD or Euro is a threat to Gold
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Replying to @PhilCrypto77 @arjunblj and
but USD did successfully demonetize a huge chunk of Gold’s monetary premium... though I agree FB is definitionally unlikely to be a threat to BTC in the long term
10:26 PM - 10 Aug 2018
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