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by XiphiasX 238 days ago
How can you not understand. Bitcoin’s main and only FEATURE is the fact than from all assets in this planet, and possibly from all assets jn this Solar System, it CANNOT be cofniscated and censored. That’s the knly reason it has any value at all, to circumvent controls. All other assets like gold, real estate, emeralds, fiat, stocks… CAN be confiscated. Bitcoin’s only unique selling point is circumvention of controls.
1 comments

I do understand all of that. But all of that makes sure that Bitcoin will never function as a currency, as outlined in the reasons above.
Yes, and it doesn’t have to function as currency. We have enough of those already!
That's right - it doesn't really matter if people have to convert their savings from bitcoin to government tokens in order to buy things. Bitcoin is still extremely functional at protecting people from the massive debasement that is occurring every second. In 2020 alone, the US financial system alone stole 2 million life-time's worth of work from the people through legal counterfeiting.

Bitcoin will go up for ever when priced in government tokens, or likely anything else for that matter.