5 Comments
author

If trade partners cannot be trustworthy the money must be for them...

Expand full comment

They will not under any circumstances use Bitcoin. The fixed limit is a disaster for use as any type of money at a sovereign level or above.

Expand full comment
founding

My point exactly. Who will do all the moving storing, weighing, vaulting, everything? Gold would re-price at a 30% discount. I'd be buying more just because it has no counter-party risk, not because it's going to replace fiat currency.

Expand full comment

If you can't (don't) have confidence in what is passed off as "money",

then there needs to be something you can have confidence in. Both

sides of a transaction have to agree on the "money".

Expand full comment