Is he really proposing that you hold one asset versus another? Or is he proposing that state fiat pegged to bitcoin is a likelihood, and provides a similar net impact as hyperbitcoinization in the purest sense?
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Replying to @FluidFluxation @MustStopMurad and
I think your missing the argument he's making
@MustStopMurad He's talking macro economic impacts, and your talking about individual asset preference.1 reply 0 retweets 3 likes -
Replying to @FluidFluxation @MustStopMurad and
If we have the premise that the value trends are the same, we cannot then say "but people will prefer one over the other" That the value trends are the same is an indication of equal preference.
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Replying to @SoakerPatoshi @MustStopMurad and
Well speaking purely in terms of ideal money, I think you are correct. I think the black swan to your argument is that bitcoin becomes useful beyond money, a la on chain computation. In such a scenario, I see bitcoin still being the international stabilizing force
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Replying to @FluidFluxation @SoakerPatoshi and
But asset preference may be biased towards bitcoin if there is additional utility enabled.
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Replying to @FluidFluxation @MustStopMurad and
If the value trends are perfectly comparable, how could u suggest the markets prefer one over the other? Even if one killed you and the other made you superman?
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Replying to @SoakerPatoshi @MustStopMurad and
I meant individual preference. Even if Fiat becomes perfectly stabilized internationally, some bitcoiners are never coming back.
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Replying to @FluidFluxation @MustStopMurad and
If the value trends are the same then the preferences are effectively equal.
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Replying to @SoakerPatoshi @FluidFluxation and
Apples/oranges. BTC/fiatpeg are too different for preferences to ever be the same. 1 will be superior to the other. Fiatpeg may be preferable to a segment of the population in short term, but if financial incentives lead people to transact under the table, BTC wins in the end
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Replying to @mi__maj @SoakerPatoshi and
It seems to me that BTC can do everything a fiat peg can do. But a fiat peg cannot do things that BTC can do.
2 replies 0 retweets 1 like
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