Did I mention EU or did I talk about Africa?
For the next 10 years, Bitcoin's enemy isn't USD or EUR.
It's the tail end of all the other shitty fiat.
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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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I believe Hayek’s vision translated today were private central banks issuing ‘stablecoins’ which compete on stability and reputation in the free market. I personally see Bitcoin as Digital Neo-Gold. Some believe Bitcoin will replace fiat; others believe it will make fiat ‘behave’
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So which one of these are you proposing for the ‘shitty fiat’ replacement?
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I think we should let/watch this global free market experiment unfold. I think there will be 1-4 winners used for slightly different things.
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Well of course, we shall see and all that. My understanding is that you’re proposing Bitcoin as currency - somewhere - and there’s still no good arguments for how/why that’ll work.
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