AIhasUse

With USD, the government can print as much of it as they want. With BTC, nobody has that ability. What this means is that if you have USD as a result of your labor, someone else can print as much as they want, which robs you of your labor. Wealthy people know this very well, so they hold their value in businesses or real estate or other things that only the wealthy have access to, but absolutely not USD or other fiat currencies. Anyone can hold their labor in BTC, and nobody, not even the government, can print it privately to rob you of your value.

That alone is enough to make it an excellent currency, but it goes way beyond that. Anyone can send any amount of BTC to anyone else in the world instantly for almost no fee. BTC can be divided down as small as desired, making it useful for many things that USD isn't. The list goes on from there. This is why, a decade ago, when people were ridiculing btc as never being worth "real" money, so many intelligent people were able to predict just how useful and popular it would become.

Yeah, I guess I see a massive difference between Bitcoin and crypto as a group. Lots of crypto is scam, but Bitcoin isn't. Bitcoin is solid technology that finally gives people freedom to be in control of their own store of value. Crypto largely came along to leech off of this revolutionary idea.

You feel sad for people who realise it is way better to be in control of their own wealth and not hold their value in something that other people can just print on a whim? You feel bad for people who don't want the only way to hold onto value (that doesn't inflate away) to be buying businesses or expensive real estate which the average person can't dream of affording? What a peculiar reason to feel sad for a group of people.

I feel bad for people who know nothing about a topic and trick themselves into thinking they are such an expert that they are forced to pity people who have turned an idea into the 9th largest asset in the history of the world without any centralized governance.

This is all Dems signing this. It's not only Republicans who are finally realizing the value of sound money. At this point, if you are anti-crypto, you need to somehow be against the only two political parties, who would have guessed. Not to mention RFK saying if he were in the White House, then the US would be trying to amass 20% of the Bitcoin supply.