What year do you predict central banks will collapse?
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I think your missing the argument he's making
@MustStopMurad He's talking macro economic impacts, and your talking about individual asset preference. -
If we have the premise that the value trends are the same, we cannot then say "but people will prefer one over the other" That the value trends are the same is an indication of equal preference.
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Well speaking purely in terms of ideal money, I think you are correct. I think the black swan to your argument is that bitcoin becomes useful beyond money, a la on chain computation. In such a scenario, I see bitcoin still being the international stabilizing force
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But asset preference may be biased towards bitcoin if there is additional utility enabled.
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If the value trends are perfectly comparable, how could u suggest the markets prefer one over the other? Even if one killed you and the other made you superman?
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I meant individual preference. Even if Fiat becomes perfectly stabilized internationally, some bitcoiners are never coming back.
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& in the on chain computation explosion scenario I mentioned, while bitcoin and well managed fiat could be stable and economically indistinguishable, Bitcoin holders benefit as bitcoin as more than money evolves its valuation, limiting the parallel that well managed fiat provides
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Unless we decide to never evolve bitcoin any further.
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