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Dissident Sound3d ago
for investment purposes the problem with bitcoin is that it doesn't hold a monopoly like US dollar does you can ONLY pay taxes in US using dollars you also can only buy oil in US dollars or you get bombed but literally NOTHING prevents somebody from using a random shitcoin in place of BTC so called "Dedollarization" that Putin likes to talk about is a real threat to the dollar and by the same token Cryptos should be considered a threat to Bitcoin and in both cases the only answer to these threats is going deeper into denial US dollar doesn't need to be backed by anything because it's a monopoly the digital money we need can't be a monopoly or it won't be freedom tech if it can't be a monopoly then it must be backed by something in the real world @3134f9d3…5e54c3d8
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arthurfranca3d ago
It would be interesting to read a contrary opinion, although unlikely. A curious fact: I was just browsing the cashu repo and read a comment suggesting that in the future they may have to represent amounts in nanosats instead of millisats (which is already a unit 1000x smaller than what is officially considered the smallest unit of bitcoin) as if the price of bitcoin was going to rise to the moon. Dishonesty or pipe dream?
0000 sats