100 sats \ 1 reply \ @jp 24 Sep 2022 \ parent \ on: Is it hypocrisy for Bitcoiners to use Patreon and other fiat tools to get paid? bitcoin
I guess the question I have is: how do you define "good" money?
I think there are many instances where Money A may be better than Money B based on a specific feature. For example, if Money A is easier to transport internationally, you may consider exchange Money B for Money A for your short-term use (since Money A would be considered the "better" money)
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100 sats \ 0 replies \ @ek 24 Sep 2022
I guess the question I have is: how do you define "good" money?
Good money should have these properties:
  • verifiable
  • fungible
  • portable
  • durable
  • divisible
  • scarce
  • censorship resistant
  • established history
Therefore, we can use these properties for comparison. Bitcoin beats gold and fiat in almost all of these terms. See this article: https://nakamotoinstitute.org/mempool/the-bullish-case-for-bitcoin/
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