digital gold
Coverage of digital gold in the Nexus archive.
- Why has Bitcoin remained only a store of value for so many years?
Bitcoin was designed as peer-to-peer digital cash but is now predominantly viewed as a store of value, often compared to 'digital gold.' The article explores factors like volatility, slow adoption, and scaling issues that hinder its use for everyday transactions, while also questioning whether its role naturally shifted over time.
- anyone else getting paranoid about how centralized eth liquid staking has become lately
The article discusses concerns about the centralization of ETH liquid staking (LST) platforms, highlighting risks from relying on a few centralized entities and recent DeFi exploits. The author expresses anxiety over tail risks and poor hedging options, such as converting to fiat or using vulnerable wrapped assets and bridges.
- How Bitcoin Proponents Maintain Faith in Non-Existent Money, Assets, or Value
The article critiques Bitcoin's value proposition through circular arguments and flawed analogies, arguing that Bitcoin is merely a protocol assigning numbers to keys without inherent value. It challenges the 'digital gold' analogy by highlighting that digital assets lack physical scarcity and that modern money represents obligations, not just numbers.