Good HODL, Bad Internet Cash
Just because crypto, at all time highs, can’t be used as digital cash right now doesn’t mean that it could never be
Crypto has MASSIVE potential - fast, flexible and specifically designed so it can’t be counterfeited...
...yet so far it’s been a terrible form of electronic cash, which is what it was invented for.
Remember the Bitcoin whitepaper? Here’s the title and abstract in case you forgot:
But hey, when bitcoin’s hitting all-time highs again no one wants to spend BTC - it’s HODL time.
And just because bitcoin (or crypto in general) can’t be used as cash right now doesn’t mean that it could never be… but right now we’re in the Beanie Baby era. Check out my recent piece for Blockworks to read more.
My latest book, “Understanding Crypto”, is now available for Kindle, paperback and hardcover.
Please support cryptocurrency education by grabbing a copy and leaving a review. Let me know what you think!