Susie on Nostr: Hal Finney understood early that Bitcoin could serve two worlds. It could become ‘a ...
Hal Finney understood early that Bitcoin could serve two worlds. It could become ‘a reserve currency for banks’ while still remaining permissionless money anyone can hold and use without intermediaries.
As Eric Balchunas said, Bitcoin has two major advantages. It is censorship resistant and a debasement hedge because of its scarcity.
The important thing is preserving access to both uses, so it can integrate without surrender and scale without ceasing to be freedom money.
This is the most elegant monetary achievement in history.
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"content":"Hal Finney understood early that Bitcoin could serve two worlds. It could become ‘a reserve currency for banks’ while still remaining permissionless money anyone can hold and use without intermediaries.\n\nAs Eric Balchunas said, Bitcoin has two major advantages. It is censorship resistant and a debasement hedge because of its scarcity.\n\nThe important thing is preserving access to both uses, so it can integrate without surrender and scale without ceasing to be freedom money.\n\nThis is the most elegant monetary achievement in history.\n\nhttps://blossom.primal.net/575313f8400dbff595648bd18150f8a057bc8134a9dd6e7074a14b1133556e76.mov",
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