The only other serious concern I have is the government deciding to tie Bitcoin to fiat via things like a BTC standard or the Strategic BTC Reserve, and then doing like what the government did with go...
That’s interesting.
Though not sure how this works exactly. Isn’t gold still valued at $35/oz? Yet free market rate is ~$2,700.
Wouldn’t that be similar to how it would work? US marks the btc at $100K let’s say but market continues valuing it at whatever the market buyers dictate.
If it’s a confiscation worry, yes it could eventually happen like it happened to gold but you could argue it’s harder to do so and people with significant wealth can cross borders with ease.
Nothing is perfect, in trying to find as many flaws as I can with BTC. Hard to find many flaws in my humble opinion.
Though not sure how this works exactly. Isn’t gold still valued at $35/oz? Yet free market rate is ~$2,700.
Wouldn’t that be similar to how it would work? US marks the btc at $100K let’s say but market continues valuing it at whatever the market buyers dictate.
If it’s a confiscation worry, yes it could eventually happen like it happened to gold but you could argue it’s harder to do so and people with significant wealth can cross borders with ease.
Nothing is perfect, in trying to find as many flaws as I can with BTC. Hard to find many flaws in my humble opinion.
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