Bitcoin (BTC) as Money

[Max]

@lmf

Or maybe we could discuss some of these:

@Max

I disagree with you on several points.

FYI, these are the bits I disagree with. The current discussion seems like it might get a bit busy right now, so I’m cautious to start discussing them atm. Good to record tho.

@lmf

@Max

Other ppl do have a reason to buy-in to bitcoin today: it’s the most secure chain.

The security comes from the robustness of the code, and the large volume of miners. I don’t think that the USG has the power to permanently damage either of these.

@lmf

@Max

ether (ETH) can be seen as a commodity,

BTW, I don’t think this is true. ETH doesn’t have value other than as a medium of exchange. Sure you can burn ETH to have a computation performed for you, but when you do that you’re actually paying for services from the miners (albeit indirectly). Unlike commodity money, if no one else valued ETH, then ETH would be completely worthless to you: you couldn’t burn it and have computations performed for you.