1/ Bitcoin will usher an era of unprecedented peace and prosperity.
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Not so sure. In a deep economic crisis everybody but a few suffer: famines happen, wars are started, crime rises, people die. Re-routing the economy takes time.
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You think the crisis will be *that* bad? I had a vision of an economic recession, but not famine-level.
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The transition will result in famine, desperation and death for many. What we need is gradual change, let's not be quite so extreme. Fiat as bad as it is has immensely improved the standard of living for the world. Let's not get too carried away, let's aim for gradual change.
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I am a man of reason and not a fanatic. But this is what I see: In the next 10 years the immediate enemy of Bitcoin isn’t USD or EUR. It’s the tail end of shitty 2nd and 3rd world currencies that might collapse. People in those countries storing wealth in that fiat are gonna hurt
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Totally agree, maybe we need bitcoin ambassadors lobbying these countries governments to try and get them to see the light. The problem is the ruling elite are not so affected by inflation, it's the masses that will hurt. The leaders are too corrupt. There's no easy solutions.
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1/ Here is the funny part. Think about 2nd and 3rd order effects of competitive game theory among Central Banks. Incentive for any CB / SWF to announce they bought a nag of crypto is too great, instant global exponential jump up.
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2/ The countries / states / banks themselves will be buying crypto. Their citizens and shareholders will demand it. It is life and death. Those countries who accumulate early will thrive. Those that won’t, will be bankrupt.
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One of those places that won't could easily be my country or yours. A bankrupt country is not a pleasant place to live.
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I love your post, but with suffering it is the other way around. Rich establishment may lose something of their dominance (not much, they will buy in). As long as there are not cryptos in every smartphone of those too poor to have a bank account they are most vulnerable.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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