chadlupkes on Nostr: Given the nature of capital in our society, the answers you are going to get are ...
Given the nature of capital in our society, the answers you are going to get are purely subjective. My answer is that it can be, if Bitcoin is chosen by people as a replacement for the existing fiat monetary foundation that has been dragging our civilization into the abyss for the past few centuries. Things will get worse before they get better.
Bitcoin is an abstraction of the concept of Capital, which is the way a civilization values and exchanges value for goods and services. If we can build the tools so that Bitcoin is accessible to anyone and everyone who needs it, and then build out the networks to ensure that transactions made in Bitcoin are recognized and protected at the governance level of our civilization, then it can and will supplant the existing fiat currencies and become the reserve asset that will allow us to expand out into the cosmos.
Grand vision, and also purely subjective. But that's my answer.
Bitcoin is an abstraction of the concept of Capital, which is the way a civilization values and exchanges value for goods and services. If we can build the tools so that Bitcoin is accessible to anyone and everyone who needs it, and then build out the networks to ensure that transactions made in Bitcoin are recognized and protected at the governance level of our civilization, then it can and will supplant the existing fiat currencies and become the reserve asset that will allow us to expand out into the cosmos.
Grand vision, and also purely subjective. But that's my answer.