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10 sats \ 2 replies \ @didiplaywell OP 25 May \ parent \ on: The Paradox of Bitcoin Adoption bitcoin
Remember that that assumption implies:
  • First, that the fiat monetary base will stop augmenting, in which case, fiat currency will stop devaluing and thus become as robust as bitcoin, hindering its adoption, so back again to the paradox.
  • Second, that bitcoin will gradually replace fiat for exchanges (otherwise, if liquidated en masse -possible because the fiat counterpart will still exist- can still suffer extreme volatility at any point regardless of value) so that fiat stops being a liquidable counterpart, a deprecation process that yet again implies extreme volatility, which while already damaging by itself, will add for sure the hands of the state to the matter.
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0 sats \ 1 reply \ @Satosora 25 May
First off, I dont know what dream world you want to live in, but fiat is going to exist forever.
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0 sats \ 0 replies \ @didiplaywell OP 25 May
Let's take that for granted. That makes matters worse, as I pointed out, and condemns bitcoin to strict marginal adoption (for the masses).
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