It is curious to claim that Bitcoin would make the IMF obsolete, considering Bitcoin offers no mechanism for loans or economic aid.
Loans are fundamental to growth and enterprise. If you wish to build, to create, to produce, you require capital—and capital must flow. Bitcoin, by its very nature, remains static in the hands of those who hold it. It does not produce, it does not lend, it does not build. It is merely there, a silent, volatile asset whose value fluctuates at the whim of the market.
How can one argue that Bitcoin is a store of value when its value, in itself, is unstable?
What is a store of value that cannot remain consistent, cannot be relied upon in moments of crisis?
And if we examine it as a means of exchange, what do we find?
We find delays, fees, and volatility. The very qualities that make an exchange mechanism efficient—stability, speed, reliability—are absent.
It is not a tool for builders or creators, nor is it a tool for the world's entrepreneurs to expand the reach of their minds. Bitcoin, then, does not challenge the IMF—it doesn’t even compete with the fundamental needs of human production.
It sits, stagnant, while the world moves around it.
And to claim this as freedom is to misunderstand the essence of what it means to create value.
S. Tominaga AKA CSW
Oct 6, 2024
https://x.com/CsTominaga/status/1842771622870335593?t=7IZjMj5vbYdo2TcW-BU3Tg&s=19
https://t.me/S_Tominaga/1116
Loans are fundamental to growth and enterprise. If you wish to build, to create, to produce, you require capital—and capital must flow. Bitcoin, by its very nature, remains static in the hands of those who hold it. It does not produce, it does not lend, it does not build. It is merely there, a silent, volatile asset whose value fluctuates at the whim of the market.
How can one argue that Bitcoin is a store of value when its value, in itself, is unstable?
What is a store of value that cannot remain consistent, cannot be relied upon in moments of crisis?
And if we examine it as a means of exchange, what do we find?
We find delays, fees, and volatility. The very qualities that make an exchange mechanism efficient—stability, speed, reliability—are absent.
It is not a tool for builders or creators, nor is it a tool for the world's entrepreneurs to expand the reach of their minds. Bitcoin, then, does not challenge the IMF—it doesn’t even compete with the fundamental needs of human production.
It sits, stagnant, while the world moves around it.
And to claim this as freedom is to misunderstand the essence of what it means to create value.
S. Tominaga AKA CSW
Oct 6, 2024
https://x.com/CsTominaga/status/1842771622870335593?t=7IZjMj5vbYdo2TcW-BU3Tg&s=19
https://t.me/S_Tominaga/1116
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