I think BTC will be $140T-$200T
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So total collapse of fiat? Why wouldn’t fiat simply harden and retain some value via a Nash ideal money scenario?
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fiat requires trust, is seizable, likely require KYC, is censorable, can revert back to inflationary at any time btc doesnt
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I value those things, but most will only care about the inflation. Govts would likely take extraordinary steps to avoid this outcome. E.g. constitutional guarantees for convertibility to BTC like Sweden had for Riksbank notes under the gold standard.
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BTC disinflation is more credible than any fiat imho
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Replying to @MustStopMurad @JohnBeboWebo and
many countries already have negative interest rates if they stop printing their whole machines collapse
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Replying to @MustStopMurad @JohnBeboWebo and
if they're convertible to BTC... why not just hold BTC ?
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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 wife0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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