Ankh_Morpok on Nostr: Great answer but let me see if I’m getting this right. What u r saying is btc is a ...

Great answer but let me see if I’m getting this right. What u r saying is btc is a single unit of account. Ie fiat will continue to exist (no country is going to give up their ability to print money) but btc gives an escape for ppl to who want to step off the fiat standard. Most ppl aren’t going to take the risk but those who do r going to benefit from btc. Ya I can see that happening. But what happens when everyone want to convert to btc. Isn’t that going to cause the same risk of centralisation onto btc? But I think I get what you’re saying. Ie btc is going to be an escape mechanism and not everyone is going to take it.