[brutaltruth]

Congratulations to the author on missing that it's possible to swap tokens with DeFI, that bitcoin is one of the most liquid instruments in the world, and that Bitcoin isn't competing with cash: it's competing with a ledger entry at a bank that can go bust denominated in a currency that can be printed at will.

(Leaving aside 3-10% fx conversion fees, ACH delays, wire deadlines, and more that prevent "dollars" from being a useful international or digitally transferable form of "money")

But otherwise good take circa 2010 ;)

[herbst]

People turning circles talking about how unstable crypto might is without even knowing about stablecoins (which might have their own downsides yes). You can have your whole net value in crypto but bound to the USD. Its not much different to traditional banking, except without all the issues brutalturth mentioned.