Bitcoin isn't gold coins... it's the gold elementhttps://twitter.com/danheld/status/1097894882277056512 …
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@NickSzabo4 can you elaborate on the last part please?
Bitcoin would, in economic essence, turn into bit gold: https://unenumerated.blogspot.com/2008/04/bit-gold-markets.html … Essentially layer 1 would become defungibilized and we'd have to add a "layer 1.5" to refungibilize it, using decentralized exchanges, thus somewhat less trust-minimized than the current Bitcoin.
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@NickSzabo4 thank you for always having the time to reply to questions, I really appreciate it. -
You're weclome! I can't always, sometimes not even usually, but I do try to fit it in.
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