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34 sats \ 2 replies \ @joda 15 Jul \ parent \ on: What would change your conviction in bitcoin? bitcoin
I don't know. That sounds a bit like the "intrinsic value" theory. All money makes compromises. Gold may be the best money in an outage situation, but it's got major issues preventing it from being used for commerce otherwise.
People are always just using and trading whatever they want and need. A prepper may think ammo is the ultimate money. People in Argentina navigate multiple currencies simultaneously. I'm not convinced there will be "only one money" in the situation of a worldwide emergency network-outage.
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21 sats \ 0 replies \ @Bell_curve 16 Jul
Even gold standard was imperfect
Exchange rates were fixed in a gold standard Fixed can be convenient and problematic
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13 sats \ 0 replies \ @Undisciplined 15 Jul
Notice that I'm only answering that this would change my level of conviction, not that it would completely negate it.
In a world of purely imperfect monies, each with unique pros and cons, I think bitcoin wins. In a world where something emerges that is at least as functional as bitcoin in all ways and more functional in another, bitcoin will eventually lose.
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