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0 sats \ 0 replies \ @k00b 3 Sep 2021
I find remarkable the idea that the network has grown to the stage where it is only killable by governments outcompeting it - and that the window for them being able to is closing.
ie I had not considered the argument that Bitcoin's survival given its current liquidity level depends on gold's dropping. If governments were to allow free market money today, the market could revert to gold given its 10x liquidity.
I haven't read The Bitcoin Standard yet, maybe this was also covered in there. I'd love to read a Bitcoin Standard summary - I find the material at a conceptual level fascinating but have trouble wading through the details to get to them.
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