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379 sats \ 4 replies \ @clr 5 Nov 2023 \ parent \ on: Bitcoin Milkshake Theory Happening in Japan bitcoin
That, I don't know. Never thought about the why of the "milkshake" metaphor.
Thanks for listening, anyway. I hope I'm not boring you, but you seem to know as much about this as anyone. Why would bitcoiners then come up with a bitcoin milkshake theory, if the dollar milkshake theory ultimately ends in the collapse of the dollar? The dollar of course is supposedly the least bad fiat, hence it collapses last. But bitcoin? Totally different asset without any entity controlling its interest rate or liquidity.
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Not at all, it's not boring, it's my pleasure.
For me, that theory makes me remember that the path to hyperbitcoinization will be long and tortuous. That the normies will try to exhaust all the fiat options before considering bitcoin.
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True
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Being the reserve currency, it seems like the US Dollar is akin to a giant milkshake mixer attracting different capital and investments globally.
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