Byzantine on Nostr: i hate to say this but for the sake of society and a smooth transition I hope bitcoin ...
i hate to say this but for the sake of society and a smooth transition I hope bitcoin does not moon yet.
we need the liquidity of banks to improve and more and more slow moving groups to transition to bitcoin but not all at once because of the fragility of the zero reserve system.
many people don't realize but there is not enough base money units in the fiat system and the transition to bitcoin has to happen slowly otherwise it will be the target of a larger amount of hate (even though hate still will come)
most of the "wealth" held in the current system does not exist and if everyone exits at once it collapses.
right now NO ONE except vaulted gold bugs and bitcoiners are liquid.
we need the liquidity of banks to improve and more and more slow moving groups to transition to bitcoin but not all at once because of the fragility of the zero reserve system.
many people don't realize but there is not enough base money units in the fiat system and the transition to bitcoin has to happen slowly otherwise it will be the target of a larger amount of hate (even though hate still will come)
most of the "wealth" held in the current system does not exist and if everyone exits at once it collapses.
right now NO ONE except vaulted gold bugs and bitcoiners are liquid.