0 sats \ 1 reply \ @kepford OP 30 Aug 2023 \ parent \ on: Does Bitcoin have any negative tradeoffs or is it just all positive? bitcoin
If bitcoin overtakes fiat we have killed a huge source of issues. Surely you can see that. It doesn't solve greed but fiat sure has made a mess of things. Much worse than before fiat. Bitcoin cannot fix the human heart but it can remove a tool of control and oppression used by evil men.
Oh for sure, this thread is about negative tradeoffs so it is simply the first thing that jumps out to me on that regard. Totally Bitcoin is far better solution to currency than fiat. I think the gig is still out on whether or not it will become extremely monopolized (by those who will corner the market via buying up the available quantities while fiat still has purchasing power and likewise investing/gaining majority receivership of newly minted coins by doing the same to mining) in the meantime today it represents an exciting propsect of shift in financial dominance. Evil men will at least have less levers to pull even if they do gain a monopoly control.
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