Natalie Brunell: The global monetary system is fracturing and Bitcoin has surfaced as a pristine savings and freedom technology that is borderless, permissionless, censorship-resistant, and unconfiscatable. The RussiaUkraineCrisis puts a spotlight on this.

Community Response:

Bitcoin is an excellent investment opportunity and tradeable asset, but savings? Idk about that. While volatility may be good for investments it’s not great in the case of savings where fluctuation is not ideal. The rule is still: only invest what you can afford to lose.

Well, if you put 1% of your earnings in as savings in bitcoin you’d be up immensely. Bitcoin isn’t inflationary in the way the fiat is inflationary so it’s a good theoretical store of value/savings vehicle over the long term. Dollar gets weaker BTC gets stronger.

I would agree with that. I would still consider investing rather than “savings” though. BTC is one of the most volatile assets on the planet. And that’s not a bad thing. It’s why it’s such a great opportunity.

Just concerning to see you talking about Russia adopting. Powers that be in the US might view that the wrong way. I think the better approach is to talk up the US adoption of bitcoin for strategic purposes.

I mean, sure, you can bounce Bitcoin around from one wallet to the next, but that’s pretty useless if you can’t convert it back and spend it in fiat. Governments control that bit. Permissionless is a chimera.

Amazing showing here, hit all the points. The density of valuable content is unrivalled in anything I’ve seen before. Saving to replay on every elevator from now on.

Kraken = best exchange.

Natalie knows little about History that Technology can’t cure over complexity. That would be counterintuitive. “How societies increase in complexity to solve problems (Bitcoin) but undermine their long-term sustainability in doing so.”

Bitcoin is a massive simplification of current arrangements – it is also a simplification of the gold standard. If you are interested in the relationship between history and technology, it’s not enough to just learn about the history part!

Energy and complexity go hand in hand. The coming destruction of the semiconductor supply chain by Energy decline is a perfect example. Lemme know how complex technology operates without semi-conductors.

Bitcoin doesn’t need the internet. Can use any communications channel. Pigeon post if required. What do you mean by digital system?

Do they operate off of tooth fairy dust?  This is why you need to understand what the technology is – it’s just mathematics used in a novel way. Pure information. The communications protocols, semiconductors used to compute the hash functions, etc are just ways to make mathematics more efficient.

Serious question – how do you prevent a man with wrench attack? This means if they can just arrest you because all your transactions are open and on the ledger – what’s the point? Maybe you have some materials I can look at

Cold storage hardware enables you to have anonymous wallets on one device. So when you get hit with the wrench give up your mini/dummy account. Not your full stash. The most important thing though is to keep below the radar. If you’ve got billions in BTC, don’t talk about it.

You go some things wrong: 1. Nato members froze 400billion which is 60%+ of Russian reserves. Most of the remains are in gold, but how will they sell it, and to what currency? 2. Russian swift clone is only used by Russia so it’s no use. Russia’s preparations went down the drain.

My point is you talking about something you don’t understand only makes your other points (even if you are correct) instantly questionable.

What do you think about the possibility that western countries now see crypto/BTC as a threat to their sanctions etc, and try to ban it because of that, and more shady countries like Russia/Iran, etc trying to embrace crypto to avoid sanctions? Could this crisis be bad for crypto?