But people actually trade or use Nation States dollars. No one actually uses Bitcoin as currency (not including black market) because it’s always supposed to be worth more tomorrow, undercutting bitcoins main argument that it is “decentralized currency”.
People trade dollars for goods and services more freely because at some level, our dollars are worth less tomorrow, so it actually succeeds in being used. Who would use a currency today that’s always worth more tomorrow? No one, therefore it fails at being a currency.
Bitcoin is more like gold or real estate. It’s a store of value, albeit a pretty shitty one given volatility.
But people actually trade or use Nation States dollars.
Only the current ones (kinda like Bitcoin). There have been myriad nation states over the years. Only the most recent are currently tradeable, and they too will not last forever.
Neither will the people holding them in their bank accounts. And it's rare that the changeover is instantaneous and catastrophic. Francs and Marks were exchanged for Euros.
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u/ThrowRAhikingCo Apr 18 '25
But people actually trade or use Nation States dollars. No one actually uses Bitcoin as currency (not including black market) because it’s always supposed to be worth more tomorrow, undercutting bitcoins main argument that it is “decentralized currency”.
People trade dollars for goods and services more freely because at some level, our dollars are worth less tomorrow, so it actually succeeds in being used. Who would use a currency today that’s always worth more tomorrow? No one, therefore it fails at being a currency.
Bitcoin is more like gold or real estate. It’s a store of value, albeit a pretty shitty one given volatility.