manime on Nostr: Bitcoin and government(s) are codependent, and NGU window will eventually close as a ...
Bitcoin and government(s) are codependent, and NGU window will eventually close as a result. From my naive perspective, Laeserin (npub1m4n…c2jl) is spot on.
To succeed as a medium of exchange, replacing or augmenting fiat in the “real world”, Bitcoin will need cooperation by government(s). And, as long as “number go up”, government(s) will increasingly be attracted to regulate or make use of Bitcoin as a store of value.
These trends are already noticeable today.
At some point (after elites have invested) the value of Bitcoin over fiat will be moderated. This may be accomplished “artificially” by price regulation, so that the “common folk” have some chance to catch on before price goes “to the moon”. Or it may simply be the “musical chairs” result of a hard drop into Bitcoin standard. Either way, the “fun times” of dramatic price fluctuation will be over. (maybe around the time a reserve is made?)
As long as government is involved, “never too late to get rich from Bitcoin” is a blind fantasy. We have a window. It could be closing already.
That’s my uneducated take… what’s yours? Tell me how NGU will be forever and benefit everyone.
To succeed as a medium of exchange, replacing or augmenting fiat in the “real world”, Bitcoin will need cooperation by government(s). And, as long as “number go up”, government(s) will increasingly be attracted to regulate or make use of Bitcoin as a store of value.
These trends are already noticeable today.
At some point (after elites have invested) the value of Bitcoin over fiat will be moderated. This may be accomplished “artificially” by price regulation, so that the “common folk” have some chance to catch on before price goes “to the moon”. Or it may simply be the “musical chairs” result of a hard drop into Bitcoin standard. Either way, the “fun times” of dramatic price fluctuation will be over. (maybe around the time a reserve is made?)
As long as government is involved, “never too late to get rich from Bitcoin” is a blind fantasy. We have a window. It could be closing already.
That’s my uneducated take… what’s yours? Tell me how NGU will be forever and benefit everyone.
quoting note12ht…j85jWith all due respect, I think you are incredibly wrong on that one.