Post ALHeTvt2umtPycVGwC by df81k@liberdon.com
 (DIR) More posts by df81k@liberdon.com
 (DIR) Post #ALHdYvctDA80f7lT72 by orthzar@liberdon.com
       2022-07-08T13:50:17Z
       
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       Bitcoin is not a payment network.
       
 (DIR) Post #ALHeTvt2umtPycVGwC by df81k@liberdon.com
       2022-07-08T14:00:35Z
       
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       @orthzar Bitcoin is a great payment system.
       
 (DIR) Post #ALHfRQrrN8sp9DJuka by orthzar@liberdon.com
       2022-07-08T14:11:20Z
       
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       @df81k You've missed my point.A payment network is for transferring other currencies (e.g. SWIFT, Apply Pay, Lightning). Bitcoin doesn't transfer other currencies; Bitcoin is a currency.Nation-states are trying to portray Bitcoin as merely another payment network, because they don't want people to actually hold Bitcoin. Nation-states want everyone to use custodial services, which nation-states can easily control.
       
 (DIR) Post #ALHhOZhGI0JJZP80WG by df81k@liberdon.com
       2022-07-08T14:33:13Z
       
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       @orthzar Unfortunately, I have to disagree with your view of Bitcoin. I do believe that bitcoin has no intrinsic value and that it, like a bicycle, only rides when people make exchange transactions through it. And I believe that its real price is determined by the value of goods that pass through it per unit of time divided by the number of bitcoins involved in the exchange. That's why it makes no sense to keep bitcoins, it's pure speculation, but to pay through them is a good idea.
       
 (DIR) Post #ALHjmf8fuIQbJ5Z2OG by orthzar@liberdon.com
       2022-07-08T14:59:59Z
       
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       @df81k I strongly recommend this essay:https://mises.org/library/yield-money-held-reconsidered