Law professor @rohangrey Tells @BBCNews “The entire Bitcoin ecosystem is sort of built on a foundation of sand.” He’d been great on @SquawkCNBC too @andrewrsorkin
Unsurprisingly, I dont think it's a smart idea for a state to declare bitcoin legal tender.

10:48 AM · Jun 6, 2021

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How is this any different to Gold? Neither have any intrinsic value.
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I would rather hold a bearer asset that has minimal counterparty risk than a debt based instrument backed by government violence depreciating in value everyday. Smart idea or not bitcoin is a software protocol (like TCPIP) that cannot be stopped and doesnt care what anyone thinks
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You're not supposed to ""hold" money. If you do, that's on you.
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How does one use it to buy groceries, or payvrent?
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Lightning network
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I don't think the law professor understands what cryptocurrency is or why anyone likes it. The speculation, currency trading, side is just an extension of preexisting currency trading. It's no different.
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