New Argentinian President May Adopt Bitcoin as National Currency
(www.forbes.com)
CURRENCY RED PILL? 💊
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (65)
sorted by:
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.