So many of the arguments against Bitcoin make ZERO SENSE.
You need to understand that, before something becomes a medium of exchange, it must first be used as a store of value.
Most shitcoins are trying to skip the store of value stage and jump straight to being a medium of exchange.
The "security budget" argument is just as stupid as any other.
We will see nation-states mining Bitcoin at nearly 0 cost because they can tax you.
They will use their monopoly on violence to take over energy sources or they will take your money and buy energy from someone else.
This may not happen for at least a few years or even decades though... governments move slow.
For example, the US and Chinese government own 2 of the largest stashes of BTC and they don't trust each other.
Do you think they're going to let the other country take control of a global financial network... to avoid taking a small loss?
If you do, please let me know and maybe I can look at this with a different lens.
