New Argentinian President May Adopt Bitcoin as National Currency
(www.forbes.com)
CURRENCY RED PILL? 💊
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I never really believed they would be pegged to the US dollar as a means to lessen hyperinflation, which is why I thought they would use BRICS when they were announced.
I would be hesitant to have bitcoin as the reserve currency but that's because I'm an old fashion gold bug, On the other hand, moving to bitcoin is a good way to transition to a free gold type of standard.
Here, I coached GPT to make the reply I wanted to this. Give this some thought?
Attributes of Money
Bitcoin/Crypto vs Gold/Metals
Bitcoin/Crypto
Advantages
Disadvantages
Gold/Metals
Advantages
Disadvantages
For me one of the biggest threats to bitcoin is it relies on rational actors on behalf of the minors, where I don't see them being rational when production comes a lot harder to come by. Plus I think it's important to be backed by something physical.
The storage fees and being less liquid and less of a concern as I prioritize the proxy for wealth/store of value over medium of exchange.