I recently read Tom Honzik's article This decade, a trillion dollars will become unable to buy a bitcoin.
It's a great, erection-inducing (metaphorically speaking) read. It goes into the simple game theory among the different players (from individual adopters to companies and nation states) and speculates about how the 'suddenly' point of no return will happen.
It rightly instills a sense of urgency. As in: if you don't bitcoinize, you'll be screwed. Pushed down the chasm of irrelevance. Not by some evil doings of Bitcoin, but by your own choices and the market's voluntary, non-coercive response to them.
Normies think people buy bitcoin to make money (without ever stopping to think what money is). But sometimes I can't help buy feel I buy bitcoin because I don't want to be squashed like a cockroach.
A friend of mine has reservations about Bitcoin, because, in her view:
- It will increase inequality in the world
- It will cause environmental destruction
I can't make sense of this stance. Whatever Bitcoin does, if it's adopted so widely as to have a big impact on the world (whether it's something as nefarious as making either of the above concerns a reality, or something beneficial), it's in my interest to own some (and since I think the world is heading towards hyperbitcoinization, I want to own as much as possible). That's what my survival instinct tells me.
Bitcoin will do what it's meant to do and if that's something bad, my not stacking sats can't save the world from it. However, my stacking sats can save my own rear end. And if that's the only thing I can save, I will do what it takes to save it, because I'd rather save that than nothing.
Her attitude is akin to being on a sinking ship and saying "I don't like the idea that the ship is sinking, it rubs my sensitivity the wrong way. Ships shouldn't sink, it's not fair that they do. So instead of jumping on a life boat, I'll sink with it."
Bitcoin is not an evil creation, but a discovery of mathematical facts. Opposing its implications is futile, like opposing nature, and shows an absence of a survival instinct.
The good thing is, there is enough life boats for everyone, some are bigger and better than others. If you didn't jump on one of those comfortable ones that were more like yachts and left early, you can still catch a floating truck tire.
Or you can 'heroically' drown in the name of equality.