Todd’s urgent dismissal of the documentary reads to Hoback like an attempt to throw Satoshi-hunters off the scent. “It doesn’t surprise me at all that Peter would go on the offense. He’s a master of game theory—it’s what he does. He has spent a lot of years now muddying the waters,” says Hoback. “He’s an unbelievable genius.”
I haven’t seen the docu, but I did like his (Hoback’s) docu about Qanon, Q: Into the Storm.
Bitcoin was never meant to be legal tender, and it still isn’t.
The fact that it’s now a regulated commodity is pretty antithetical to its original purpose, but still, it doesn’t make it legal tender.
But setting all that aside, you’re right, monetary controls are pretty important tools of a nation state… And your alternative is what? A digital gold standard based on Bitcoin…?
That idea is so idiotic, that I can’t even start to write out the problems with it, because I wouldn’t stop.
The white paper literally says its supposed to he a digital cash, which is legal tender.
And at least one country has already made if officially legal tender lol
It’s not digital cash it’s digital gold. It doesn’t have a predefined value that can be equated against another currency because its availability is limited, It’s not currency it’s a commodity.
It will become a currency when mining stops, when there is no more bitcoin being made and the value is set against other currencies that’s when it becomes a digital currency, assuming that ever happens.
