Arden
Blackwing Lair Raider
If your argument is that the US government is powerful enough to make pretty much any store of value useless if they want to- sure i
agree.
What i meant when i said it was largely beyond the reach of govt manipulation was that it records every transaction on an immutable public ledger that cannot be altered or censored, and has a hard-coded supply cap of 21 million coins that prevents monetary inflation. This stuff at least makes it *resistant* to tampering, seizure, or debasement. Way, way more resistant than fiat currencies issued by governments.
I'm not saying btc is perfect- nothing is- I'm saying its 1000x better than fiat.
What i meant when i said it was largely beyond the reach of govt manipulation was that it records every transaction on an immutable public ledger that cannot be altered or censored, and has a hard-coded supply cap of 21 million coins that prevents monetary inflation. This stuff at least makes it *resistant* to tampering, seizure, or debasement. Way, way more resistant than fiat currencies issued by governments.
I'm not saying btc is perfect- nothing is- I'm saying its 1000x better than fiat.