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@ rafael xɱr
2025-02-11 09:13:57
this is a good question.
"Do you store value in BTC, or do you want it to go to zero?"
Well, not quite either, because if you follow libertarian ethics what you believe in is not a single currency supremacy, but rather that a free market of currencies shall exist, and "good money drives out bad money", which doesn't mean the bad money goes to zero, it starts getting deprecated with time, while better money is the preference in the markets, but the "bad money" in question will still be accepted due to its long history, liquidity and network effects, until there's not a single soul anymore willing to trade it.
Want an example? The current dark web economy. Of course Monero is the preferred method of payment but we can't deny bitcoin still has a presence there, it is not going to simply be removed from everywhere, some markets will be all monero-only but others will monetize from the fact that you can still accept BTC and use that with Monero side-by-side, and that could go on forever with 2 currencies as money, you don't need to "save" in both but due to market forces they're also "safe" from not going to zero.
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