I think that a great sign of hyperbitcoinization is when Bitcoin and Lightning network is used as the infrastructure for fiat payments. This will happen in private institutions long before governments start using it. This is analogous to how the internet used to run on phone infrastructure, but now phones run on the internet infrastructure.
The Lightning Network or some variation of being used to settle transactions everywhere. Including internationally.
Businesses pass on the savings of the old networks (3%) to the consumer, and sending money internationally becomes cheap and instant.
The Global economy grows because moving value becomes frictionless and free market capitalism destroys state owned competitors because they refuse to innovate and cling desperately to their CBDC’s and crumbling FIAT.
Bitcoin is money all around the world I'm a sovereign individual and governments will shrink and be really at the service of their citizens and not the reverse, like today
Full acceptance + unit of account (complete all money phases) + Legal Tender in most of the countries. It doesn't mean that the rest of the FIAT will disappear.
Accepted everywhere. Not taxed for capital gains.
exactly this.
This. Once I start getting paid and buy things solely in bitcoin.
Great question BTW
When you cannot buy bitcoin anymore
it means that i use the bitcoin protocols one way or the other to move money around. no fiat middle man.
I think that a great sign of hyperbitcoinization is when Bitcoin and Lightning network is used as the infrastructure for fiat payments. This will happen in private institutions long before governments start using it. This is analogous to how the internet used to run on phone infrastructure, but now phones run on the internet infrastructure.
dominate medium of exchange and except where illegal it dominates all international commerce
The Lightning Network or some variation of being used to settle transactions everywhere. Including internationally.
Businesses pass on the savings of the old networks (3%) to the consumer, and sending money internationally becomes cheap and instant.
The Global economy grows because moving value becomes frictionless and free market capitalism destroys state owned competitors because they refuse to innovate and cling desperately to their CBDC’s and crumbling FIAT.
We don’t have to pay Wall Street and develop financial hobbies to keep our savings from inflating away.
Bitcoin is money all around the world I'm a sovereign individual and governments will shrink and be really at the service of their citizens and not the reverse, like today
Lambos, lots of them.
Paradise on Earth
my paycheck going down, but can buy more :)
Full acceptance + unit of account (complete all money phases) + Legal Tender in most of the countries. It doesn't mean that the rest of the FIAT will disappear.