NotSatoshi on Nostr: Bitcoiners need not create those markets any more than silver enthusiasts should try ...
Bitcoiners need not create those markets any more than silver enthusiasts should try to create silver-denominated markets. Bitcoin needs only to continue to slowly (and perhaps, at some point, quickly) bleed cash balances from the pool of ‘all other assets.’ This, based on its absolute scarcity and its near-immaculate immortality, it is nearly certain to do.
Money is an endurance race. Hence, the repeated success of gold across civilizations and millennia. All bitcoin has to do is similarly not die. It does so much more, but simple survival is the crux.
Published at
2023-08-31 19:10:01Event JSON
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"content": "Bitcoiners need not create those markets any more than silver enthusiasts should try to create silver-denominated markets. Bitcoin needs only to continue to slowly (and perhaps, at some point, quickly) bleed cash balances from the pool of ‘all other assets.’ This, based on its absolute scarcity and its near-immaculate immortality, it is nearly certain to do. \n\nMoney is an endurance race. Hence, the repeated success of gold across civilizations and millennia. All bitcoin has to do is similarly not die. It does so much more, but simple survival is the crux.",
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