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People always forget about the demand side of the circular economy as well, always focusing on someone "wanting" to spend it. But there will come a time where the seller of the good or service you want will only take btc.
It's become pretty trendy to not drink these days i think it's hurting the alcohol industry as a whole
Interesting!
Yeah but then he gets the weapon and doesn't kill the guy. Guy goes off and grabs another gun, starts shooting again, and gets killed by the police. Very telling.
I mean...there is kind of some real evidence right, as Satoshi pointed out. They've basically given up on doing anything about torrenting and despite many attacks the Pirate Bay remains active to this day. Every once in awhile some big outfit gets busted but it doesn't affect anything.
The only upside with bitcoin's price collapsing is that the tiresome treasury play is done for. That's worth celebrating.
I also think the treasury play is over extended but is it fair to call a rather common (in BTC land) 30-something-% pullback a "price collapse" and is that enough to truly wreck them? BTC price may recover quickly.
Stablecoins are also going to extend the life of the dollar by quite a while I think