Detective Deft Defector on Nostr: The baseline of hodlers are what will create the stability, that currently is not a ...
The baseline of hodlers are what will create the stability, that currently is not a feature, the sort of widespread circular function it would imply would have to be enough to get a not unnoticeable portion of venders, in whatever area, to not only accept it, but broadcast it. If they actually grok it, tbf the broadcast is a given. But since so many companies in the US are running on credit but don't pay attention to economics or Bitcoin, my guess, complete conjecture here, is some key person or group should be the collective goal. If Walmart, Amazon or in my seemingly most optimistic scenario Aldi, accepted it ubiquitously, it would be too apparent to not draw attention, education, an awareness of history that might not come otherwise to those individuals. But those people inevitably hold too.
Until we have enough people living comfortably outside of their savings in Bitcoin, within their means, that coin might as well be lottery tickets because it won't actually have improved their lives yet. And like lottery tickets. It comes with a premium. Every exchange is working with a fee or spread.
Which also leads me to think banks should be exchanges more than custodians, or else we'll never have actual fair market value. But since we already borrow the dollar at interest, that's a moot point.
I don't have it all nailed down yet but here, have this food for thought.
Until we have enough people living comfortably outside of their savings in Bitcoin, within their means, that coin might as well be lottery tickets because it won't actually have improved their lives yet. And like lottery tickets. It comes with a premium. Every exchange is working with a fee or spread.
Which also leads me to think banks should be exchanges more than custodians, or else we'll never have actual fair market value. But since we already borrow the dollar at interest, that's a moot point.
I don't have it all nailed down yet but here, have this food for thought.