> That’s less significant than you might think as US GDP is almost 1/4 of global GDP and foreign countries don’t keep that many USD on hand. Aka even in global terms US GDP is vast.
Sure, but the value of the dollar (like everything else) is in how easy it is to get (supply). The US GDP is not a measure of the supply of dollars on the market, it is a measure of how often those dollars are exchanged.
> Bitcoin has significantly more vulnerabilities than just a 51% attack or a crash as nodes need to be connected to the internet and therefore can at least in theory be hacked.
That's fair, if we're including implementation vulnerabilities, it does expand the potential problems quite a bit. The post I was responding to was specifically about a 50 + 1 attack. Though if we include these, we should probably also expand physical currencies' problems to include counterfeiting in that case.
Sure, but the value of the dollar (like everything else) is in how easy it is to get (supply). The US GDP is not a measure of the supply of dollars on the market, it is a measure of how often those dollars are exchanged.
> Bitcoin has significantly more vulnerabilities than just a 51% attack or a crash as nodes need to be connected to the internet and therefore can at least in theory be hacked.
That's fair, if we're including implementation vulnerabilities, it does expand the potential problems quite a bit. The post I was responding to was specifically about a 50 + 1 attack. Though if we include these, we should probably also expand physical currencies' problems to include counterfeiting in that case.