Christians were 10% of the population when they took over the Roman Empire. How many Bitcoiners will it need to take over the Central Banks?
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At least in comparison to fiat. At some point the valuation of BTC will coincide with the value of goods and services created by the global economy.
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If it becomes the dominant global currency it's purchasing power will appreciate at roughly the same pace as the economy itself.
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correct or even devalue with the economy. It wouldn't even have to be the "dominate global currency" it needs to be the dominate measure of value. fiat might always "dominate" as retail level currency.
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I think if Bitcoin continues growing, Fiat hyperinflates to death
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i agree fiat well get rekt but fiat will always be rebooted. but now fiat systems cant recklessly expand credit with out being exposed and punished by bitcoin.
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Even holding $1 in fiat is irrational, dangerous, risky when Bitcoin will exists at maturity (in my opinion) =) Its like Gold vs. Iron. maximize the former, minimize the latter (as savings vehicles)
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fiat is ok if they cant get away with recklessly expanding credit & then force the public to pay for the bad debt. So yes holding a fiat today is irrational but after the next monetary reset fiat wont be as dangerous to hold for short periods of time. Itll be a mix of fiat & BTC
End of conversation
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Christians=molesting hypocrites
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Bitcoiners are the new Freemasons who overthrew the power of the church through enlightened ideas of freedom
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