Cypherpunks were always more interested in censor resistant global payment, than new gold store of value. Latter was just a means of deployment, attractive for being permissionless "no banking interface". /1
-
Show this thread
-
New gold, as hedge against geo-political uncertainty, and inflation, turned out to be an adoption driver also as the S-curve of both married use cases of uncensorable payment and store of value go through adoption waves. People come to appreciate Bitcoin via different routes, /2
6 replies 17 retweets 187 likesShow this thread -
New gold makes Bitcoin itself an investment class. Uncensorable payment without SoV is harder to invest in - you'd have to invest in startups monetizing uncensorable permissionless payments. New gold appeals to gold bugs, investors & exposes a wider range of people to Bitcoin. /3
7 replies 11 retweets 151 likesShow this thread -
So clearly Bitcoin with geopolitically neutral free market money, new gold, both store of value and censor resistant payment, is more valuable and useful than payment alone (say denominated in Fiat for example, as digicash was envisaged). /4
2 replies 12 retweets 174 likesShow this thread
Riffing here, Bitcoin is globalization native. Adoption requires an internet connected computer, contrast to fiats' requirement of a multitude of institutional presences.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.


"Nasty little Buddhist"
Seeking via neuroscience and psychology informed dharma.