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> how can you deduce facts about Bitcoin from them? The first thing is a speculative asset. The second is a store of value. The third is a currency. I did n
by flatline 6y ago
> how can you deduce facts about Bitcoin from them?
The first thing is a speculative asset.
The second is a store of value.
The third is a currency.
I did not mention that bitcoin is taxed as a commodity in the US.
Bitcoin is easy to transfer - but you still need to wait for a transaction to get stored in a block and processed by miners, and wait for the odds of a double spend reducing to near zero. Venmo is just as easy, with different risks.
Note that I am not entirely bearish about bitcoin. It’s cool tech! But it has some real limitations and there seems to be no upside to paying with it through Visa of all things.