zrubavel144 on Nostr: Bro, i hope my original assertion was not taken as a knock on you or your statement, ...

Bro, i hope my original assertion was not taken as a knock on you or your statement, but a general point of people I see here on this platform cheerleading BTC, basically in worship mode. I agree with most of what you said here, but BTC is not by definition Fiat. It is representative, but Fiat means by decree. An entity "above" you like a king or government tells you "this is money" and you can't push back. Currently, BTC is a choice that does represent money/currency whatever you want to call it, but it's not mandated from top down. Many of the other concerns will arise as with other previous currencies, but it is an attempt to remove trust in authority to referee outcomes. It is an attempt at a trustless or less trust system, but I get your gist