Kevin's Bacon on Nostr: It's ok. At some point it'll make sense why fiat cash holdings are unnecessary. ...
It's ok. At some point it'll make sense why fiat cash holdings are unnecessary. You'll remember that borrowing is a thing and that you can take an overcollateralized loan to pay for things that need cash. The bitcoin is always going to be stable enough for that, thus the stability of fiat becomes unnecessary. Your reasons to wait may have been good ones, so don't feel bad!
Published at
2024-11-16 04:38:44Event JSON
{
"id": "b73d8fbbff4ecc82e30aabc19a19a8b65685af8b64d924480b3add122abb54a4",
"pubkey": "3dda45008a0391d7933e1ae7cc3b844bfd91c92ddefd0f55ce6afd025776f2db",
"created_at": 1731731924,
"kind": 1,
"tags": [
[
"e",
"d3664ab202782406ea1670862186609c3cd7cfb9e725036b79382187e6fa8591",
"",
"root"
],
[
"e",
"3545bed3fa793988ad726f5fc5c44666e8a0d985fd6b089ddee31ae5373e8f40"
],
[
"e",
"24dfecf2941f9ba35adda000208c5b5c3a77c8a62602b4ff93cbe1153ffbb416",
"",
"reply"
],
[
"p",
"3dda45008a0391d7933e1ae7cc3b844bfd91c92ddefd0f55ce6afd025776f2db"
],
[
"p",
"55e343e6589073d312fcab30075e4b4681369b65459eff36a7e2fe4f880acd1b"
]
],
"content": "It's ok. At some point it'll make sense why fiat cash holdings are unnecessary. You'll remember that borrowing is a thing and that you can take an overcollateralized loan to pay for things that need cash. The bitcoin is always going to be stable enough for that, thus the stability of fiat becomes unnecessary. Your reasons to wait may have been good ones, so don't feel bad!",
"sig": "6c2c230369a1384b48706cd9082dcf228ad01b4305134d7fd64e5fbbcc7f6c539a53d8e2d5a40320473b2377a6726eef66271a05bc993d74c754112ab156b177"
}