That is true and of course only getting better. If we suppose that tokenization does eliminate the transactional demand for money, any figures on how large the remaining asset demand for money as a store of value would be?
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Fair question, nations still have some legal strategies they can lean on (taxation, SDR reqs, etc). But I agree it does seem harder to compete with BTC vs gold since BTC is more convenient as a MOE. If fiat does collapse do you foresee a tremendous economic crisis in the process?
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Definitely. Any possible obstacles to victory in your mind or BTC FTW?
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BTC FTW
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Haha thanks for the dialogue! Gives me some things to ponder
but I’m feeling cautiously optimistic about justifying my excessive BTC purchases to my wife
End of conversation
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. Is $90T total current supply? I’m wondering how big of a subtraction transactional demand is. Also, gold was about 30% of total supply under the gold standard due to fractionalized fiat overlays. So $30T-ish?