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Megaskreth t1_j243ah3 wrote

Reply to comment by Fedorchik in art future by nickmakr

It actually hasn't worked for thousands of years. Imagine if all your assets were tied to the legitimacy of your government. What would you do if your government fell or wanted to take all your assets?

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Fedorchik t1_j249q6u wrote

What would you do if your assets are NFT-protected but your government takes them anyway?

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Megaskreth t1_j2bm67k wrote

If they're landlocked yeah you're fucked. That's why Bitcoin is the greatest asset in human history. Fungibility matters. But the tech will be used for such things whether you like it or not. Even if not by the end user it'll be used by the institutions to save money on processing and such.

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Fedorchik t1_j2d9lfu wrote

Bitcoin is already compromised - it is effectively controlled by a majority mining holder.

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