“It’s a store of value” — Jerome Powell, Chairman of the Federal Reserve talking to the Senate Banking Committee about Bitcoin
THE VIRUS IS SPREADING 🔥
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“It’s a store of value” — Jerome Powell, Chairman of the Federal Reserve talking to the Senate Banking Committee about Bitcoin
THE VIRUS IS SPREADING 🔥
Bitcoin's governance is broken so unless something major happens, it can never be true peer to peer money as Satoshi envisioned. A store of value? You could argue that, but the volatility means that value rapidly decreases in bear markets, generally, normal people can't stomach or trade it properly, even if they try (they lose to the wall street banks).
I believe Steem is the best form of peer to peer money with proper governance built into the code at the beginning. Meaning we have direct democracy in a way through witness voting.