#StrategyBTCPurchase Bitcoin as the "new petrocrypto" is a good diagnosis... but a bad solution. The author acknowledges that BTC maximalists are right on one key point: Stablecoins can be frozen (example: Bessent).
Bitcoin cannot be confiscated (example: Iran paying in BTC).
But that's where the accuracy ends. The mistake is jumping straight to say that Bitcoin will be the neutral settlement layer of the future. Why Bitcoin does NOT work in practice (according to the post): The toll at the Strait of Hormuz is charged in yuan and USDT, not in BTC.
Bitcoin takes an average of 10 minutes to confirm + volatile fees + finality is only probabilistic.
Impossible to settle a supertanker of $2 million in seconds (what is needed in the real world).
The alternative that already exists and does solve the problem: XRP Ledger Designed since 2012 exactly for this: settlement between parties that do not trust each other, cross-border, in 4 seconds, at a cost of $0.0002.
Neutral (without central issuer or government).
Unconfiscatable like BTC, but with real speed and scalability.
Already tested by central banks (mBridge, BIS, etc.).
Strong criticism of Bitcoin as a payment system: If BTC reaches $1M, fees shoot up to $3,500 per transaction.
Real examples: paying for a $12 lunch costs you $3,500 in fees.
Lightning Network does not solve the underlying problem: it turns BTC into speculative "digital gold", not usable money.
It ends up being an exclusive system for whales, the opposite of what Satoshi promised.
Source:@itscoachfo
#XRP #XRPL #BTC
#TECH