> That's only a good thing in dictatorships, not in democracies.
Yes, Bitcoin allows you to be a dictator of your personal finances, compared to fiat, a "democratic" system, where people you never voted into power get to press a button and print as much money as they deem necessary to "stimulate" the economy.
I mean, it is the best performing asset of the last 10 years, so yeah, it seems pretty great to anyone who has a brain.
A 98% cash and 2% Bitcoin would beat the SPY returns for any 4 year period since inception. When making investments, its important to have a long term outlook. Do you just live day to day without any planning?
> the only way to get new Bitcoins is to get them from someone, buy them in an exchange, or invest lots of money in specialized Bitcoin mining hardware.
Have you heard of this new technology called a "J.O.B"? It enables people to trade labor for currency.
The next ten years will be about how to earn Bitcoin through skilled labor, not mining on your PC.
Bitcoin is doing more to accelerate the adoption of wasted energy than any corporation on the planet. It is the buyer of last resort, open to anyone.
Compare that to the fiat system, do you get to vote for who runs the Federal Reserve? Can you verify the current supply of the US dollar or the maximum limit of dollars that can be printed?
Very privileged take to assume Bitcoin doesn't "ACCOMPLISH LITERALLY NOTHING USEFUL", when millions of people are using it to save and send for 15 years, and over 100 TRILLION dollars has been settled on the network.
You should listen to him!