0 sats \ 2 replies \ @kepford 10 Jul 2023 \ on: How does Bitcoin die? bitcoin
The US dollar going back to the gold standard and eliminating the FED would do a pretty good job of stopping bitcoin. But we know these two things are not going to happen until they both completely fail.
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10 sats \ 1 reply \ @Atreus 11 Jul 2023
That would involve demolishing the insane, alchemical financial institution, ending the central banks, and restoring an actual monetary system. It wouldn't be with the best money (Bitcoin > Gold), but it would be a significant improvement.
That's totally unrealistic. It's like asking in 1943 "What would stop World War 2?" and we say "Well if Mustachio Man withdraws Germany's armies back to Germany, renounces his power, restores civil liberties, closes the camps..." 😂
Hypothetically though, we'd basically see a competition between Gold and Bitcoin at that point.
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0 sats \ 0 replies \ @kepford 11 Jul 2023
Exactly. You just explained some of the reasons I'm so bullish on bitcoin.
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