“Worse than mediocre.”
@AriDavidPaul critiques bitcoin as a payment system
https://twitter.com/aridavidpaul/status/904844415100964868 …
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Replying to @coindesk
I'm very bullish on Bitcoin. That tweetstorm was about how BTC's value comes not from payments but from role as unseizable store of value.
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Replying to @AriDavidPaul @coindesk
thought experiment: what value will Bitcoin have if its liquidity is choked by governments by declaring BTC/fiat exchanges to be illegal?
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1/ Not much of an experiment. China did this a few months ago. US did this with gold in the 1930s. Some economists argue it's be bullish.
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2/ when a gov signals their fear of competing money, what do smart investors rush to do with their fiat?
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3/ the tighter the capital controls and the more oppressive the governments, the more demand for BTC there will be.
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privacy currencies are also next to worthless if it can't easily exchanged to fiat. unless you can get high on Monero
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there well be a time when u dont wanna change them to fiat ;) mark wy words
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it will not happen without scaling globally, fast and furious. that's actually CSW's main argument why he wants Bitcoin to scale NOW.
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