The major currencies already are digital, and have been for decades. The remaining paper money is akin to a higher layer of the protocol stack. But they aren't trust-minimized. And they have no plans to be trust-minimized. That is what makes Bitcoin far superior.https://twitter.com/erlbacher72/status/1167086523315052544 …
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I think there's a big difference between a digital asset (bitcoin) and the digital representation of physical asset (US federal reserve notes, "dollars"). The first derives its "utility" and scarcity solely from the digital world, the second does not. Does this make sense?
No. The basics are the difference between the two settlement protocols (Bitcoin vs. Fedwire, the latter censorable, the former not, the former globally seamless, the latter not) and monetary issuance (again with Bitcoin trust-minimized, vs. for dollar controlled by bankers).
![J. ₿itcoin v. Goethe [3rd Jan 🔑] ⚡](https://pbs.twimg.com/profile_images/1116473410446667776/EZigZH6s_normal.jpg)
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I would argue that Bitcoin issuance is controlled by a relatively small group as well. Core devs and exchanges have outsized power.
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Nope, this is BS, node owners control issuance, and they are incentivized to never change it (if they assumedly hodl).
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This article might help you understand that Bitcoin is an in inpenetratable fortress of validation:https://hackernoon.com/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b …
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Inb4 "Core controls Bitcoin!!!1!12!!" I'd also recommend perusing this classic:https://medium.com/@pierre_rochard/bitcoin-governance-37e86299470f …
End of conversation
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