I am listening to "The Bitcoin standard" right now and just came by the part where the author explains why he thinks bitcoin is a case of "any publicity is good publicity". And it does not seem very far fetched to me

For a relatively quick read with an alternative perspective, check out The Bitcoin Standard https://www.amazon.com/Bitcoin-Standard-Decentralized-Altern...

There is a logical explanation as to why bitcoin could be very valuable in our current world. It is because it cannot be inflated beyond the 21 million cap. If you have an open mind, give it a read!

I really don't care getting downvoted, but I really think this is the worst explanation of what bitcoin is.
There's a book that I strongly recommend to the author of this article: the bitcoin standard.
The book gives also some fundamentals of what money is, and what bitcoin solves and can solve. (talking also about bitcoin layers)
I understand this is a divisive topic, but there's really nothing to with the baseball cards here.

I think the idea of Bitcoin enthusiasts is much more foundational, than just having "digital cash".

I have been reading a book called "The Bitcoin Standard" which highlights that the goal is a switch for society towards Austrian economics and getting back to something like the gold standard (Hint: Bitcoin is the better gold).

The book is quite good and I learned a lot about the history of money - so I'd recommend it.

To paraphrase, the current cash printing is vaporware and not backed by anything anymore - making it quite weak and easy to attack - disaster waiting to happen. Central planning of currency should be replaced by a democratic and capitalist system where the best currency evolves naturally. Which might or might not possibly happen with Bitcoin.

Something like a government bailout using tax payer money of a "too big to fail" organization would not happen in such a world - making the economic system a lot stronger for the individuals.

> The petro dollar is enforced by might and invasions. Nixon created it when he decided to leave the gold standard after France demanded physical gold as payments.

This aspect was not clear to me until I read The Bitcoin Standard by Saifedean Ammous, the first two thirds of which is more of a history of money than pro-Bitcoin propaganda. There he argues that moving off the gold standard was a bad idea in many ways apparently unrelated to money.

And of course there's this famous website: https://wtfhappenedin1971.com/. For reference, 1971 was when Nixon decoupled the US dollar from gold.