His arguments about the feasibility of a 51% attack are off by an order of magnitude, and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
It's cool, but I'm wondering what the breakeven cost would have to be if you weren't planning on making money from PFOF?
Can easily see this being $5-10 a month without a problem or even $500 lifetime pass for early supporters. Also if you add Lightning Network deposits to a portfolio I would be more likely to use it, you can make money off the spread too as long as it is under 1%
I mean, it is the best performing asset of the last 10 years, so yeah, it seems pretty great to anyone who has a brain.
A 98% cash and 2% Bitcoin would beat the SPY returns for any 4 year period since inception. When making investments, its important to have a long term outlook. Do you just live day to day without any planning?
You just described the current fiat system, where the top gets to benefit from the money printer while the middle class loses its purchasing power over time