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0 sats \ 0 replies \ @JosephCruzVald2 25 May freebie \ on: The Paradox of Bitcoin Adoption bitcoin
: it will be stable enough to be massively adopted only when it gets stable enough to get massively adopted, since the mass of the population (that makes for the full adoption) can not afford the unavoidable volatility caused by the move itself towards adoption, thus hindering itself by the same action of trying to adopt it.
This couples with the fact that even a stablecoin based in bitcoin do not allows for a computable transition: fiat can be indefinitely multiplied, causing bitcoin to be virtually eternally unstable in fiat if the State wants to.