Chris Goward on Nostr: I can see that parts of it are unstoppable. I can see how the scarcity, ...
I can see that parts of it are unstoppable. I can see how the scarcity, decentralization (mining and nodes), honesty, and p2p transactions can never be taken away. And that’s enough for me to be a full patch Bitcoin advocate!
I’m still uncertain about the fullness of it, though. For example,
- The IMF can still compel El Salvador to abandon their bitcoin plans.
- The US still may follow Saylor’s world domination “evil genius” plan and compel USD stablecoin currency.
- Governments could use taxation and implicit violence to dissuade retail acceptance of Bitcoin payments.
My sense is that governments will fight hard against this once they realize their centralized control is being challenged. And they have a lot of power over the general public who may not have relocation flexibility.
I’m still not seeing how fiat replacement is inevitable, even though it clearly would be a massively better world.
I’m still uncertain about the fullness of it, though. For example,
- The IMF can still compel El Salvador to abandon their bitcoin plans.
- The US still may follow Saylor’s world domination “evil genius” plan and compel USD stablecoin currency.
- Governments could use taxation and implicit violence to dissuade retail acceptance of Bitcoin payments.
My sense is that governments will fight hard against this once they realize their centralized control is being challenged. And they have a lot of power over the general public who may not have relocation flexibility.
I’m still not seeing how fiat replacement is inevitable, even though it clearly would be a massively better world.