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The original case for Bitcoin was made after the 2008 market crash to allow for a tool that could act as a hedge against the market instabilities that led up to
by stillbourne 4y ago
The original case for Bitcoin was made after the 2008 market crash to allow for a tool that could act as a hedge against the market instabilities that led up to the crash. So yeah, it is a spurious argument. It's a spurious argument that was made for bitcoin.
- elif 4y agoThat is a confused, post-facto revisionist account of history. The Satoshi whitepaper says the motivations are for "a system for electronic transactions without relying upon trust" and mention nothing about macro-economic forces. For the first few years of Bitcoin, us users had no expectations about the price movement of the coin, let alone value stability. If we had any such delusions at the time, no one would have bought pizza for 10K bitcoins. I wouldn't have bought a Bitcoin t-shirt for 6 Bitcoin. https://bitcoin.org/bitcoin.pdf https://bitcoin.org/bitcoin.pdf