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
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