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If you removed the word “bitcoin” and just created a hypothetical word like “currency X” and focused on its pros and cons, then you could abstractly identify wh
by monero-xmr 2y ago
If you removed the word “bitcoin” and just created a hypothetical word like “currency X” and focused on its pros and cons, then you could abstractly identify why it would be good or bad.
Transfer speed - X would need to be fast.
Difficulty to counterfeit - X would need to be fraud proof.
How easy it is to custody - X would need to be easy to store with minimal cost.
Inflation - X would need a predictable inflation rate and immune to politics.
If you judge dollars, gold, and bitcoin by such a measure, I would argue Bitcoin holds up well