spacestr

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wahid
Member since: 2024-07-06
wahid
wahid 19d

Alby Extension because it backs up your nsec.

wahid
wahid 20d

Yo! This is a banger: “Bitcoin uses energy, but by doing so it can maintain and update a global ledger in a decentralized, automated way, compared to current banking ledgers that rely on centralized and often manual processes based on trust… If a digitally native monetary network like Bitcoin becomes more widely used, then the legacy finance industry doesn’t need to be as large and resource intensive as it is now.” , Broken Money.

wahid
wahid 25d

I believe you about the USD and government and all that but what gives bitcoin its value?

wahid
wahid 25d

You’re saying the use case of bitcoin is that it’s superior money, particularly because it provides decentralized control of money? But this presumes that I believe you that it has value. Considering almost no merchants in the US accept it (minus a select few) it can’t be used as a medium of exchange and so isn’t valuable. The paper, with its poorer properties of money is widely accepted.

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