MultiversX Tracker is Live!

Can BTC work as money?

Bitcoin Reddit

More / Bitcoin Reddit 252 Views

In wartimes, people that have buried their money/gold/whatever have been tortured until they spit out the location of their savings to their torturers. Today, that "locations" would be your 12/24 key phrases.

Would BTC, thus, work in wartimes? Idk

I recently heard the argument: Money can only work if there's a higher entity (state, government, police) that ensures a safe usage of money and ensures that money that you own can safely remain in your hands (there's no 100% guarantee, but at least it's not like we get robbed and killed for money on a daily basis, so the system works up to a point).

So is it a good idea to position BTC as the "anarchical", individualistic, anti-centralistic anti-state money"? Wouldn't we rather want the state to support BTC? What could we do to have the state support BTC (partially against what's currently considered to be a a state's interest)?

submitted by /u/liveyourcode
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments