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mrdot profile picture
So… we’re all withdrawing our coins from exchanges because self custody and shit. And we are not just downloading some app because security and shit. So we buy a hundred dollar hardware device because we really really wanna not fuck up. But we still loose everything because we didn’t roll dice.
Bitcoin sounds great!
mrdot profile picture
This is what a good discussion looks like #BCC8333
(How could fiat <-> bitcoin trades work without a trusted escrow?)
mrdot profile picture
Understanding inflation and its effects is like introducing a hammer that keeps hitting you on the head every few minutes in to your life. Everywhere you go, everything you see, you will recognize problems that otherwise wouldn’t be. Even worse.. you recognize that many problems of this world are caused directly by the deliberate actions of malicious people
a source familiar with the matter · 135w
Both arguments economically illiterate Zeihan is wrong in the way Ammous points out (also Zeihan mixes up inflation and deflation) Ammous is incoherent - if there is no use for money besides trade t...
 mrdot profile picture
mrdot @mrdot
The thing is that if we did not have the concept of money then I believe your argument is valid. However since we do, the very expectation/chance that Bitcoin could become money is what I guess drove people to want to have it in the first place. In other words: Once the concept of a medium exchange for trade is established you can evaluate any good with regards to how well it fits to the „ideal“ medium of exchange with regards to its properties. Because of the absolute scarcity of Bitcoin (and some other properties) it becomes valuable and people want to have it