hakim on Nostr: Great article. Even central bankers are eventually speculating attackers. “The more ...
Great article. Even central bankers are eventually speculating attackers.
“The more mainstream Bitcoin becomes, the more compelling the speculative attack will be. Eventually it will become necessary, and not long after that it will simply cease to be possible, as nobody will trade Bitcoin for any amount of fiat, or even risk its loss in financial calculation. While we are clearly incredibly far along from 2014, we are nowhere near this final state. The slow-motion collapse of fiat continues, and the avenues for directing fiat shorts to Bitcoin longs widen. The speculative attack lives on. Season Two begins”
Full: https://nakamotoinstitute.org/mempool/speculative-attack-season-2/
“The more mainstream Bitcoin becomes, the more compelling the speculative attack will be. Eventually it will become necessary, and not long after that it will simply cease to be possible, as nobody will trade Bitcoin for any amount of fiat, or even risk its loss in financial calculation. While we are clearly incredibly far along from 2014, we are nowhere near this final state. The slow-motion collapse of fiat continues, and the avenues for directing fiat shorts to Bitcoin longs widen. The speculative attack lives on. Season Two begins”
Full: https://nakamotoinstitute.org/mempool/speculative-attack-season-2/