I think Blackrock results in a net good for the bitcoin ecosystem, while there might be some negatives. Part of me however is slightly confused, perhaps concerned - that Larry Fink publicly says it's a flight to safety to go to bitcoin. In the simplest scenario, maybe he's just as pragmatic and recognizes the same true safety we see. BUT I just think his view on the world and intentions differ which makes me a bit squeamish about what he's doing.
I found literally 0 logic, on how Bitcoin allows this control to humans, allows humans to handle complex situations or react to any of the world challenges you mention. In fact Bitcoin or blockchain does NOT handle or understand complex situations, is NOT an instrument of monetary policy, and is NOT addressing any of these problems.
In the same way the existence of any money or asset, or database does not solve the human nature.
North Korea funded nuclear program with funds stolen from DeFi hacks. This is real use case on how sanctioned psycho dictator solved his problem with Bitcoin. Please name a usecase of the same scale on how Bitcoin helped democracy.
If I may rephrase the question: "how does Bitcoin help individuals?" The answer may be in many ways, but the decision(s) will be made individually, rather than by the State.
Its strength is in its immutability and its immunity toward mass manipulation. It is also quite impervious to poor decisions from humans. As we watch the dollar continue to erode and the largest plunge in bond prices in recent memory, bitcoin keeps doing what it does best.
I think Blackrock results in a net good for the bitcoin ecosystem, while there might be some negatives. Part of me however is slightly confused, perhaps concerned - that Larry Fink publicly says it's a flight to safety to go to bitcoin. In the simplest scenario, maybe he's just as pragmatic and recognizes the same true safety we see. BUT I just think his view on the world and intentions differ which makes me a bit squeamish about what he's doing.
I found literally 0 logic, on how Bitcoin allows this control to humans, allows humans to handle complex situations or react to any of the world challenges you mention. In fact Bitcoin or blockchain does NOT handle or understand complex situations, is NOT an instrument of monetary policy, and is NOT addressing any of these problems.
In the same way the existence of any money or asset, or database does not solve the human nature.
North Korea funded nuclear program with funds stolen from DeFi hacks. This is real use case on how sanctioned psycho dictator solved his problem with Bitcoin. Please name a usecase of the same scale on how Bitcoin helped democracy.
If I may rephrase the question: "how does Bitcoin help individuals?" The answer may be in many ways, but the decision(s) will be made individually, rather than by the State.
Like how? Thru reactive hamsters x10 leverage cuts?
In the article Bitcoin literally put up against "reactive monetary policy" as "another option". Is it?
Just for your understanding, I am holding Bitcoin, and work in the sphere for a loooong time.
I wish people would just stop this "Bitcoin solves everything". It doesn't.
We need to learn from Kim and start solving real problems instead of pure speculation, and pepecoin.
Wonderful ops friends. 🇩🇰❤️
Its strength is in its immutability and its immunity toward mass manipulation. It is also quite impervious to poor decisions from humans. As we watch the dollar continue to erode and the largest plunge in bond prices in recent memory, bitcoin keeps doing what it does best.