{"type":"rich","version":"1.0","title":" wrote","author_name":"npub1u3ud495fjw9xf0lfjezu4l2rvkccn58dyr9w9e8f4jkr3xz590nqtg0nsw","author_url":"https://nostr.now/npub1u3ud495fjw9xf0lfjezu4l2rvkccn58dyr9w9e8f4jkr3xz590nqtg0nsw","provider_name":"njump","provider_url":"https://nostr.now","html":"This is based on the idea of bitcoin being a liability, a promise for some other item of value akin to a paper promise for gold. Bitcoin doesnt need a backing, it doesnt require reserve assets, it is the backing, its not a security or liability to anyone, it is the commodity itself. Now, of course you believe in regression, so you could argue bitcoin has no value of its own, but I dont think you could argue that it is a security."}