I’m on Murad’s side. Why would you not just hold Bitcoin instead of depending on a central bank keeping their currency steady with Bitcoin?
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Replying to @Moon__Rekt @MustStopMurad and
If their values are stable with each other, there is no such distinction.
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Replying to @SoakerPatoshi @Moon__Rekt and
With Bitcoin you are 100% you have the value of Bitcoin, with your central bank targeting, you can only be 75% sure. Why take the unnecessary risk when you can own Bitcoin in a self-sovereign, unseizable manner? You’re taking unnecessary counterparty risks in your thesis
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Replying to @MustStopMurad @Moon__Rekt and
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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Replying to @SoakerPatoshi @Moon__Rekt and
it’s more than just PRICE and VALUE. You’re ignoring the technology / capabilities / cryptography / privacy / self-sovereignty entirely.
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Replying to @MustStopMurad @Moon__Rekt and
That's stupidity. What you talk about IS value and it is conveyed through price.
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Replying to @SoakerPatoshi @Moon__Rekt and
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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Replying to @MustStopMurad @SoakerPatoshi and
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 @SoakerPatoshi and
Yes I'm starting to think that's where the game theory leads as well. Why would a bank choose to just roll over and die? You really think 80% of the population is gonna go learn cybersecurity and everything else? Transition looks real messy though... Will pop lots of bubbles.
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If 2 million people are playing World of Warcraft and use digital gold there don’t see why others can’t either. In Africa they already use money via Android phones + UX will improve a lot
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