What is Nostr?
LeviWritesBooks
npub1njr…2mct
2025-02-28 00:48:09
in reply to nevent1q…jv7d

LeviWritesBooks on Nostr: It's probably rude, and I could be wrong, but mid-wits are going to continue to ...

It's probably rude, and I could be wrong, but mid-wits are going to continue to Keynesian economics until the fiat currency corpse is dead and they have no other choice but to Bitcoin or die, and even then, some of them will still feel more comfortable choosing to die.

Revolution happens one funeral at a time.

However, low and high wits are going to yeet themselves into stacking sats until the entire world is free, and then begrudgingly the mid-wits will join us, laggards though they are.

Laggards are still valuable though, as children of God and a living warning to us and our children, "This is what hubris looks like."

Bitcoiners may feel rugged, but zoom out: the U.S. sees stablecoins as a route to dollar dominance, making everything else in crypto secondary.

Bitcoin doesn't need them; the stablecoin industrial complex does.

Bitcoin doesn't need anything from these people. But the stablecoin industrial complex (every major bank wants in) needs them badly. So, incentives were always going to align.

I don't think this means the Bitcoin Reserve idea is dead, but it does mean it's taking a back seat to what they think is the "bigger picture."

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