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by notahacker 1992 days ago
> You have to drop the idea that scarce/finite assets can, should or need to be used as "currency".

Sure, but the whole premise that Bitcoin is an asset is that it has theoretical use as currency. There are plenty of other things which are limited in quantity and fungible which nobody is paying $30k for because nobody believes that they are future of money.

1 comments

From a podcast I listened to, Michael Saylor does not have "future of money" in his investment thesis at all. He doesn't see this as currency. Instead, he sees bitcoin as something more like gold, but much easier to move around (and across borders), easier to audit, easier to liquidate, etc.

That this is not what was in the original bitcoin whitepaper doesn't seem to have stopped him.