This is an empirical legal statement about the properties of the product and explains the innovation the product provides. That said, it has the same dependencies as a stock, at lower transaction costs, and lacks the liquidity, insurability, and survivability of currency or money
Source date (UTC): 2021-01-10 23:42:38 UTC
Original post: https://twitter.com/i/web/status/1348414981809778689
Reply addressees: @21MillionKings @johnrobb
Replying to: https://twitter.com/i/web/status/1348414231406907396
IN REPLY TO:
Unknown author
@21MillionKings @johnrobb You’re not very bright.
I’m happy to promote BTC.
I merely state the truth:
It’s a divisible share in the BTC network.
Operationally dependent on it.
Surviving by demand alone.
It may be classified as Token Money.
It’s not money or a money substitute.
It’s an investment vehicle.
Original post: https://x.com/i/web/status/1348414231406907396
Leave a Reply