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There is no free lunch: Someone always pays.

Not skeptical, just with different values and incentives. Plebs want P2P electronic cash system that empowers freedom and self sovereign individuals Orange tie cantillonaires want a regulated system that uses Bitcoin as a store of value to recreate an electronic FIAT leveraged system

I want both.

I'm the dork that complemented your wife's retirement article at the bitcoin conference this year...So I identify as a Harcore Bitcoin Autist.🤣 I also think your speculative attack article is one of the greatest bitcoin articles of all time. I have bought bitcoin with credit cards and regret paying off my student loan. I am also paying 10% interest financing a new pair conditioner because duh. I understand why Bitcoin Treasuries exist, but I think Satoshi made the best argument against bitcoin derivitives from day one. It's the second sentence in the white paper. "Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.' This is the same reason I don't like backed loans, but that's another rant. I just think holding any stocks in a country experiencing a soverign debt crisis is way more risky in a country that can confiscate assets via Executive Order. That's my two sats anyway.

Both, all of it everywhere

Because it is simply not necessary. A strategy that will slow Bitcoin adoption is by using treasury companies to lock up a lot of the supply. (Along with a healthy dose of paper to suppress spot price). If P2P is taken away it is no longer a money for crisis. I don't understand how Bitcoin OGs cannot see this outcome

Interesting if you can expand on how you can be at the same time in favor of P2P e-cash pursuing Self sovereign freedom and a regulated leveraged FIAT system… Sounds inconsistent

It’s not a free lunch. It’s the deflating of the fiat bubble in real time. But there is risk attached.

Because it is fundamentally easy to fully own a superior asset. For some reason people still choose over-engineering on top of this.

Here's the hard part, the entirety explained. My journey started in 2013. https://medium.com/@j0e810ggs/bitcoin-the-storage-of-love-exchange-of-pure-human-empathy-58e38fa2b5f1 Please be good enough to exchange your empathy with me too. Peace Joe