Store of value mint. 3h08 https://www.facebook.com/draperstartuphouse/videos/204569890978444/
Store of value mint. 3h08 https://www.pscp.tv/draperstartuphouse/1DXxyeygDgnxM?t=3h43s
“Even Hal Finney started to get it. In December 2010, Hal said:
Ultimately, it’s good for the network for mining to be expensive. It makes it that much harder for a well-financed attacker to dominate the network.
So, unlike the earlier idea of needing to put a cap on and slowly build to
allow many nodes, he started to get it. Unfortunately, by that time I was already disillusioned.
He still saw Bitcoin as the store-of-value and digital-gold ideal, though.
I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions.
He never got around to understanding how efficient Bitcoin can be. I guess
we all have baggage that weighs us down from the ideas we had before.”