4 ms·

So the only difference between Bitcoin and stocks in 2024 is that stocks are backed by an actual underlying company. Nice.

• herbst 3y ago
  Can you use stocks to trade with others worldwide in realtime with a super low fee and full control over the payment process? Bitcoin still is a lot more than just that
  • soVeryTired 3y ago
    Traditionally you just use money to do that.
    • herbst 3y ago
      You don't. It's illegal to travel with more than $X over boarder Y. Embargos and different banking systems and culture make 'bank transfers' inaccessible to a majority of people in this world. The only alternatives are western union and other private companies with 10+% fees or hidden private banking networks like 'Hawala'.
• npoc 3y ago
  Nope. Bitcoin is the thing that does the backing. Stocks are just a weak entitlement (not ownership) to some property that will ultimately be significantly "backed" by the bitcoin on its balance sheet
• genge 3y ago
  The difference is that the US can back one by printing more money, and they can't print more bitcoin.