Fair, but those countries will be subjects in the experiments around legislation and banking norms. You cannot guarantee a good outcome - you’re trying to circumvent formation of governments and institutions with code. You have no idea if it will work - who will own the outcome?
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Monetarily speaking, the world will be borderless. Feel free to choose to receive / store your wealth / transact in whichever currency you want. Hayek predicted all this in “Denationalization of Money” in 1976. The key here is choice, rather than violence.
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If only it would be as simple as throwing Bitcoin into the wild
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You can keep using fiat or whatever you’re using right now or you can receive / send a set of cryptocurrencies from an app on your phone. It’s not that hard. The cognitive shift is the hardest part.
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We’ve gotten off topic - I wasn’t talking about myself, talking about the ‘shitty fiat’. Bitcoin isn’t the shortcut that’ll leapfrog them into some sort of stable functioning economy - they’ll have to get there the hard way.
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I agree, my point is that a stable, uninflatable, unseizable money is solid first step towards that.
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I understand that and I understand your quoting Hayek a few times. Hayek also argued against fiat as I understand it, but offered a basket of (useful?) commodities in the place of gold. Is Bitcoin that? When liquidity demand rises, how does doing more PoW help the real economy?
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In the countries where there is ‘shitty fiat’, is Bitcoin the best basket of commodities to come up with? This is all even assuming that fiat is only bad and can’t be made to work - which I disagree with, for now.
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For the next 10 years, Bitcoin's enemy isn't USD or EUR.
It's the tail end of all the other shitty fiat.