Comment on Former top official says Fed should ‘Maybe’ create ‘FedCoin’ to rival BitcoinparentComments−garmaine8yWhy competition? This isn’t a zero sum game.−218yIt is. You either store value in dollars, euros, gold, real estate, art or bitcoin.You can't "dobule spend" the same value.−garmaine8yThe market cap of bitcoin going up does not make the market cap of gold, usd, or real estate go down. Total aggregate wealth is not zero/fixed sum.
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Why competition? This isn’t a zero sum game.
It is. You either store value in dollars, euros, gold, real estate, art or bitcoin.
You can't "dobule spend" the same value.
The market cap of bitcoin going up does not make the market cap of gold, usd, or real estate go down. Total aggregate wealth is not zero/fixed sum.