Why would you ever think that a monopoly on money supply is a good thing? Currencies should compete just like any other business or product
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Murad stop and think. If the markets deem the values the same, how could you hypothetically declare they are not? THINK.
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it’s more than just PRICE and VALUE. You’re ignoring the technology / capabilities / cryptography / privacy / self-sovereignty entirely.
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That's stupidity. What you talk about IS value and it is conveyed through price.
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If bitcoin is 0% supply growth+tech, That would require governments to continuously *contract* the money supply to be on par
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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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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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Also, once bitcoin stops deflating so rapidly, people will want a way to loan out their bits for an interest rate. I don't wanna search for/screen debtors and then try to collect when they dont pay. Banks are already set up to manage that. Custodian accounts have many benefits.
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I think some Banks will survive + have new Bitcoin banks. Argument was whether we need “Central” banks
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