Goldstein: Bitcoin won’t just be an asset for the dark web

By September 10, 2019Bitcoin Business
Click here to view original web page at www.fxstreet.com
  • Goldstein reported that Bitcoin could dominate the financial landscape.
  • One address cannot be identified to one single user, claimed Goldstein.

Anthony Pompliano, a well-known Bitcoin enthusiast interviewed Michael Goldstein in the latest episode of his Off The Chain podcast. Goldstein, President of the Satoshi Nakamoto Institute, exchanged views on the current state of Bitcoin and how it has progressed over time, for everyone in the community. Goldstein reported that he remained committed to the core idea of Bitcoin. He also suggested that the ‘hardest soundest money’ in Bitcoin could dominate the financial landscape, and not just remain a monetary asset for the “dark web.”

He said:

“The economics show that it can have much more ambition than that and in fact, we should have that ambition because I believe, it brings so much value to society.”

Pompliano interrogated Goldstein about how he would retaliate Bitcoin’s critics over the fact that only a few of them hold the majority of Bitcoin in circulation. In response, he stated that the metric is not exactly accurate and one address cannot be identified to one single user. He said:

“You might look into an address which has 10,000 BTC, but that might just be a cold storage of some exchange. It’s concentrated in a place where many people have created an entire market for Bitcoin so it's not really accurate to say that it is a specific person.”

He added that the Bitcoin’s ecosystem does not need a specific amount of investment provided that people were engaging in the marketplace and “stacking sats.” As per Goldstein, Bitcoin is cited as money in the monetary system and be an asset that can be a hedge against future uncertainty.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

One address cannot be identified to one single user, claimed Goldstein.

Anthony Pompliano, a well-known Bitcoin enthusiast interviewed […]

Leave a Reply