31 sats \ 1 reply \ @kepford 26 Jul \ on: RFK Jr. Wants the US to Buy 9.4M BTC: A Fatal Blow to the Bitcoin System? bitcoin
If America were to control 9.4 million BTC, this would lead to enormous centralization and a huge amount of BTC that could not be used in a circular economy based on the Bitcoin system. In short, the idea of RFK Jr. would kill the idea of Bitcoin as a superior alternative monetary system.
Fundamental misunderstanding of bitcoin here.
Comments like this and many others make me wonder why people even believe in bitcoin. If this were true Bitcoin would be dead already.
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31 sats \ 0 replies \ @kepford 26 Jul
huge amount of BTC that could not be used in a circular economy based on the Bitcoin system.
I didn't spell it out but bitcoin is infinitely divisible. Its just math. If 9.4 million BTC was lost it would not have any impact on the ability to use bitcoin in a circular economy.
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