On: Bitcoin is over $100k

[eric_cc]

Bitcoin is the only sound money in existence. It will slowly devour fiat currency over time and humanity will benefit.

There are quite a few similarities to the fall of monarchies.

[tim333 → eric_cc]

It's good in some ways - value goes up, independent of governments - but bad in others - too unstable in value for day to day transactions, wages, mortgages and the like.

[throwawayq3423 → eric_cc]

Money that isn't freely exchangeable isn't money at all.

[kortilla → eric_cc]

Gold is basically the same. The only upside to bitcoin is that it works over the internet so it’s much faster to trade