Tim Bouma on Nostr: #Bitcoin quietly hacked the entire fiat monetary system by introducing the concept of ...

#Bitcoin quietly hacked the entire fiat monetary system by introducing the concept of future scarcity into the digital realm.

Bitcoin quietly came under the radar of most, if not all policymakers and established itself before there was anything of major concern or value.

The only viable fiat response to #Bitcoin is to issue more currency. That might give an advantage in the short run, but fails in the longer run.