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#26: Erik Townsend On The Intersection Of Distributed Ledger Technology And Global Macro Investing

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of a Store of Value in Bitcoin

Hard forks that bighons Bitcoin has gone through in the last 18 months because to me that immediately disqualifies that as a store of value. I'd say first of all you could design a digital currency system so that it doesn't have hard forks. My prediction is that before long will have fully decentralized ledgers, which eliminate the need for mining completely. And you won't have this risk of hard forks developing.

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