4 ms·

that ship has sailed long ago. it is now seen as a replacement for gold and a hedge against inflation

• base698 6y ago
  It was always a hedge on inflation. The genesis block message: https://www.investopedia.com/terms/g/genesis-block.asp https://www.investopedia.com/terms/g/genesis-block.asp Nakamoto instilled within the Block's raw data: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
  • altcognito 6y ago
    So basically the entire premise is undermining confidence in the existing system of capitalism and Democracy. "Your money isn't safe in banks", and a healthy dose of making it easier to launder money.
    • nlitened 6y ago
      Bailout for banks has nothing to do with either capitalism or democracy, as far as I understand.
      • jerry1979 6y ago
        Capitalist democracies produced the bailouts. Or maybe bread lines have nothing to do with authoritarian communism?
    • pandeiro 6y ago
      Pretty sure the existing system of capitalism and Democracy is undermining confidence in itself. Bitcoin just provides a hedge.