3 ms·

Bitcoin. You think people want to deal with the transfer of physical gold etc in this modern age?

• david927 5y ago
  The same rules would apply to any competing currency, such as Bitcoin.
  • kayamon 5y ago
    Bitcoin is not a competing fiat currency, but a competing gold standard.
    • david927 5y ago
      That's exactly what I'm saying. It would be seen as a competing currency, like gold, and prohibited. Michael Burry tweeted this earlier this year, "Prepare for inflation. Re-opening & stimulus on the way. Pre-COVID it took $3 debt to create $1 GDP, and it is worse now. In an inflationary crisis, governments will move to squash competitors in the currency arena. $BTC #gold."
      • kayamon 5y ago
        Ah yes my mistake. The only question I guess is are we yet at the tipping point where Bitcoin reaches runaway adoption or not.