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19 sats \ 3 replies \ @Undisciplined 17 Feb \ on: Some Musings on the Complex Question of Bitcoin's Utility. bitcoin
SBR could be beneficial to individuals for a few reasons, some direct and some indirect.
  1. The greater purchasing power that would result from reduced supply would lead to a wealth effect for bitcoiners. That would likely lead to more usage of their bitcoin.
  2. The stamp of government approval may sway some merchants to begin accepting bitcoin.
  3. The government holding bitcoin gives them an incentive to not attack it, because that would crash the value.
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60 sats \ 2 replies \ @IamSINGLE OP 17 Feb
Good points. Do you think these benefits outweigh the negative points that SBR brings in?
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19 sats \ 1 reply \ @Undisciplined 17 Feb
Not sure, but I do expect whatever happens to be good for bitcoin.
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30 sats \ 0 replies \ @IamSINGLE OP 17 Feb
Ok. Let's hope for the best. I'm very negative about it, maybe.
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