Damus
Conrad profile picture
Conrad
@Conrad
Fiat under the gold standard was only redeemable in calm times. WWI, Great Depression, Vietnam/Nixon — all suspended redemption. If governments could flip the switch then, they’ll flip it again now. Bitcoin fixes this

Makes me question my strategy with Bitcoin etfs.

#bitcoin #coldstorage #stacksats
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FreeYoda · 32w
That is what is mentioned with 'no counterpart risk' or being a final settlement. "Not your Keys, Not your Coins" One of the key properties of sound money. Al least now you understand. Whatever you decide you know the risks. Compared to those who don't have a clue, that is a huge advantage !