3) Gold was a successful medium of exchange for ten millenia, fiat only for 47 years. I don’t see your point.
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You made a wrong assumption. I very much believe fiat adoption has been coercive, not market driven. That's the real world competition. They cheat. To beat these powers your money needs more than soundness (Gold has that). Unless you mass convert. Or fiat major fails.
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BTC is more than just sounder / more disinflationary than Fiat and Gold. It’s also much harder to seize, censor and is borderlessly transactional. They will attack but BTC is much stronger than Gold in all respects except established history, which is merely a matter if time. . .pic.twitter.com/Rjr9p2i3Wu
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You don’t need a sudden mass conversion. All you need is a gradual leak from fiat / other SoV-instruments into BTC. Precisely that has been happening since BTC’s inception, for 9 full years.
End of conversation
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Hyperbitcoinization doesn’t depend on religion or even great zeal. Just pure rationality - people betting on and eventually regularly choosing a secure, scarcer money.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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