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> It certainly would be hard to argue against the fact that gold and silver are stores of value. I don't think gold and silver are stores of value, but (certai
by dvt 5y ago
> It certainly would be hard to argue against the fact that gold and silver are stores of value.
I don't think gold and silver are stores of value, but (certain) Rolexes and Ferraris are. And so is real estate.
> The dollar is a currency, but the majority of dollar owners live in foreign countries where you can't pay for things in dollars.
Not sure if you've done much traveling, but the USD is basically usable everywhere.
> Bank of America can freeze my account.
I think this is a solution looking for a problem. It's extremely rare that a bank will freeze an account for non-legitimate reasons. But I mean, sure, you're technically correct: there's a non-zero probability BofA will freeze your account.
- lowkey 5y ago> I think this is a solution looking for a problem. It's extremely rare that a bank will freeze an account for non-legitimate reasons. But I mean, sure, you're technically correct: there's a non-zero probability BofA will freeze your account. It’s lucky I guess that you don’t hold any unpopular political views. Let’s hope for your sake it stays that way. If you for example wanted to donate to Wikileaks or Julian Assange’s defense or the Canadian Truckers - the banks would very likely want to censor those transactions. Or imagine you held political views that called into question the validity of the big banks or you if you wanted to get in the business of sex toys or some other ‘immoral’ industry, suddenly censorship resistance matters quite a bit. Just because Bitcoin’s censorship-resistant properties haven’t benefited you personally yet, doesn’t mean they don’t offer the world value by means of freedom to engage in commerce - even if the bankers would prefer you didn’t.