#1. Motion: Bitcoin will Attain Global Store of Value Status in 2040.

Motion: Bitcoin will Attain Global Store of Value Status in 2040.

Guests:

Jimmy Song (@jimmysong) - debating FOR the motion
David Gerard (@davidgerard) - debating AGAINST the motion

Host:

Richard Yan (@gentso09)


This debate touches upon one of the most fundamental value proposition of cryptos. If any crypto can attain the status of digital gold, the coin with the longest history, highest market cap and widest recognition seems to have the best chance. And if there are serious obstacles, it’s probably important for investors, developers and operators of other alternative coins to know why.

Some of the highlights of the debate include real bitcoin usage in oppressive regimes and inflation-heavy countries; myths around mining centralization; nuances in fixing bitcoin code; whether irreversibility is a feature or bug.

Source of select items discussed in the debate:

• Bitcoin ownership survey: https://www.prnewswire.com/news-releases/largest-bitcoin-ownership-survey-reveals-6-2-of-americans-own-bitcoin-while-7-3-are-planning-to-buy-some-300928651.html
• Bitcoin usage in Venezuela: https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html
• Bitcoin inflation bug: https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret