[khazhoux]

One difference though is that all baseball cards were acquired for pennies originally, then grew in value. You don't have to spend a month of heavy-duty electrical bills or $50K to buy a fresh baseball card or a beanie baby or a pez dispenser.

[notRobot]

> You don't have to spend a month of heavy-duty electrical bills or $50K to buy a fresh baseball card

You didn't have to do that to get bitcoin until recently either.

And even today, you don't have to mine. You can purchase bitcoin for whatever amount in USD, and like baseball cards, it'll (probably) grow in value.

[herbst]

I've spent like $200 for a graphics card (that i used for 6+ years after that) and $100 on power to mine about 3-5 Bitcoins within a few months until the summer heat did not allow me to proceed (plus back then it was literally not worth it).

However your argument is invalid. Also you could have just bought the $0.1 bitcoin back then. You also are not buying machines to build your own baseball cards and complain about the electric bill.

[john_alan]

you can’t use a beanie baby or baseball card as a permissionless, decentralised, censorship resistant global remittance tool.

That said, BTC lacking the fungible property of sound money is a glaring issue.

Though a money system like Monero may end up becoming very important global money for the internet age.

I think the author is shortsighted.

[throwaway_kufu]

So long as the internet is required to use Bitcoin it’s not exactly as permissionless or decentralized as it’s marketing buzzwords pretend.

It is also pretty trivial to fork Bitcoin so there is no more inherent value in Bitcoin vs a clone or fork. Compare that to a USD I think the last attempted fork was the currency of the confederacy going to show it’s not so trivial to fork.

[john_alan]

It’s permissionless because you don’t need a home or other status to use it.

It’s decentralised because the US can’t globally stop it.

[jazzyjackson]

I'm pretty sure we just haven't seen the war that would stop it.

A few cut undersea cables and a dose of kessler syndrome would make all those burned cpu cycles for naught.