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by tehjoker 1925 days ago
> Now you're changing the argument to if Bitcoin can be used for "a stable store of value" and if it's a "large useful network".

The point of Bitcoin is to serve those purposes. My critique is that it cannot because it is based mostly on ephemeralities.

> The housing market in 2008 is hardly relevant to Bitcoin,

The housing market collapsed because of government inaction, not action. People valued CDOs as AAA rated when the actual underlying reality was worthless. Eventually reality caught up with us.

> That Bitcoin set that as a goal, and still is achieving it after many years of attempts of being taken down

This is agreed, incredibly technically successful. I do not agree that violating democratic rules is always a good thing, but I do see it as a good thing for countries that come under the gun of US imperialism such as Iran or Venezuela. However, in general, I am not a fan as the people that will use it the most are likely to be large corporate actors to escape any kind of accountability.

Censorship resistance is the only thing I can see in Bitcoin that is not ephemera.