When will we reach "The Bitcoin Standard"?
4079 sats \ 16 comments \ @ek 12 Dec 2023 oracle
As always, I am interested in your predictions.
However this time, I know that it's hard to define what is meant with "Bitcoin Standard" unlike with the PM about WWIII.
Didn't know that what is considered to be a world war may be up for discussion. See? PMs trigger very interesting discussion since you not even need to be sure about your predictions if you want to participate.
You also need to define the thing you're betting on in such ways it's actually measurable.
So this time, just include in your prediction what you kind of Bitcoin Standard you're talking about. :)
Let it rip!
write
preview
related posts
33 sats \ 0 replies \ @cryotosensei 12 Feb
I have a rather pessimistic view of this. I think most people will regard Bitcoin as a speculative asset and be reluctant to spend their sats.
Unless companies like Bitwage expand tremendously and allow the general public to receive their wages in Bitcoin
Unless platforms like Fiverr accept Bitcoin as a payment mode. Sure there is Microlancer but seriously can people make a living out of microtasks?
But I doubt the above two scenarios are likely to happen, with governments pushing for adoption of their CBDCs.
So I don’t think the Bitcoin Standard will happen in my lifetime. Probably my son’s lifetime
reply
22 sats \ 3 replies \ @DarthCoin 12 Dec 2023
https://darthcoin.substack.com/p/how-bitcoin-will-save-the-world
reply
65 sats \ 2 replies \ @ek OP 12 Dec 2023
How will people learn to be sovereign individuals?
Does someone just have to force them to read your guides? :)
If so, why don't you force them with the force? lol :)
reply
509 sats \ 1 reply \ @DarthCoin 12 Dec 2023
why don't you force them with the force?
That part must be learnt by themselves... You can't force somebody to be free, as much as you want. If you force them, the rejecting force will be stronger than that they will start investigating.
Just show them the path, and each one will choose the time when will start it. Yes, this can affect you in some way, because what is the meaning that I am the only one free if the others are still locked up in the state cages? Just to laugh of them? No.
It's a slow process and all start by changing our way of thinking.
reply
1 sat \ 0 replies \ @nemo 12 Dec 2023
deleted by author
reply
50 sats \ 0 replies \ @yoshi 12 Dec 2023
I feel it will happen in the next 3 halving events. So 12 years or so.
reply
50 sats \ 0 replies \ @Entrep 12 Dec 2023
Getting merchants to accept Bitcoin is the ultimate card we have to reach the Bitcoin Standard. When people can easily exchange Bitcoin for goods and service then it is it for me.
reply
50 sats \ 0 replies \ @ladyluck 12 Dec 2023
Countries should make Bitcoin their legal tender just like what El Salvador did
reply
20 sats \ 0 replies \ @GlobalThreat 12 Dec 2023
20 years
reply
20 sats \ 0 replies \ @phatom 12 Dec 2023
When we have at least 100 million node setup
reply
0 sats \ 0 replies \ @DesertDave 12 Dec 2023
To me, it is a journey of self. I feel I am already in a Bitcoin standard. It will always be a spectrum. I'm not sure how to measure when the whole world is on a Bitcoin standard.
reply
0 sats \ 0 replies \ @rybka 12 Dec 2023
In a circular economy. Even if you get paid in bitcoin, as long as you still have to exchange to fiat to pay at the grocery store or for your rent, it will remain just a pipe dream.
reply
0 sats \ 0 replies \ @TNStacker 12 Dec 2023
When a critical mass of individuals take on sovereignty, the Fed will succumb. My guess 18 years.
First, they will fight us
reply
0 sats \ 1 reply \ @smuglydawg 12 Dec 2023
I feel that one of the biggest hurdles is the conversion to pricing items in satoshis.
The loaf of bread and cup of milk is X local currencies or how many satoshis? To rewire the brain thought and baseline thought of what does this item cost and how many do I earn a day.
It is a slow push to a Bitcoin standard and how we will use the items to practice trade with others.
Keep stacking and when it happens I hope you or yours has a small bag to enjoy the new world.
reply
0 sats \ 0 replies \ @rybka 12 Dec 2023
Once the volatility settles down, it won't be any different to adjusting to a different currency on a holiday.
reply
0 sats \ 0 replies \ @Johnny21 12 Dec 2023 freebie
That's the wrong question. The right question should be, where will we reach the Bitcoin standard? At my local meetup once a month, where everyone uses sats only, it's already there!