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WHEN EVERYTHING IS EVENTUALLY PRICED IN BITCOINS
Gradually, Then Suddenly is a framework for understanding bitcoin as money. The mistake most people make is never endeavoring to begin the journey, thinking that bitcoin is too difficult to understand to even try in the first place.
Pricing everything in Bitcoins can simplify transactions for both buyers and sellers. With the increasing realization of the need for financial freedom, using Bitcoin as the standard currency for pricing goods and services can eliminate the need for currency conversion and provide a more streamlined payment process. Additionally, pricing in Bitcoins can offer a sense of security and privacy for both parties involved in the transaction. Overall, embracing Bitcoin as a universal pricing unit can revolutionize the way we conduct business in the digital age.
Think of the moment when everyone is using Bitcoin. I mean, can you imagine walking into your favorite coffee shop and paying for your latte with Bitcoin? It sounds like something out of a sci-fi movie, but with the way things are going, it has already become a reality.
The thing is, more and more businesses are starting to accept Bitcoin as a form of payment, and some people are even choosing to receive their salaries in Bitcoin. It's like we're witnessing the birth of a freedom focused financial system right before our eyes.
But what would it really mean if everyone started using Bitcoin? It could completely revolutionize the way we think about money. It's a level of freedom that's hard to even comprehend.
The idea of everyone using Bitcoin is an exciting one. It's a glimpse into a future where financial transactions are more secure, more efficient, more inclusive, and more transparent than ever before. Who knows, maybe one day we'll look back and wonder how we ever lived without it.
DO YOU NEED TO DIVERSIFY? While Bitcoin remains the most reliable and revolutionary digital asset ever, there are numerous shitcoins out there claiming to be the next big thing. However, all of these so-called "alternative digital assets" are nothing more than scams designed to trick unsuspecting investors. These schemes often promise quick and easy riches, but in reality, they operate like pyramid schemes where only those at the top profit.
Use these Shitcoins at your own risk, and don't say nobody warned you. Remember that, there's no second best.
I've explained here how Bitcoin could save the world
It's a long journey that start by change your fiat mindset. People nowadays are too deep trapped into fiat and statist mindset. If they do not start working on that, there will be never a full bitcoin adoption.
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I started with Bitcoin but soon got seduced and knocked off course by the many shitcoins out there.
However I found my way back to the path soon enough as Bitcoin is the only one that makes sense and I now believe it’s a force of nature. Might as well align with it.
And I can clear as day imagine a world where prices are denominated in BTC.
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Pricing in bitcoin was what triggered me to get out of shitcoins, once I started looking at it through sats, i couldn't unsee it lol right now, I think bitcoin has still got a way to go before the vol is dampened to a point where looking for equity plays makes sense.
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Please read this post where I point to the dangerously ignored paradox of such process: The Paradox of Bitcoin Adoption
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In countries blessed with a strong currency, I do think that most people will view Bitcoin as something to profit from during price spikes rather than as the best form of money there is
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In countries blessed with a strong currency
Funny how some people into bitcoin believe that strong fiat currencies exist.
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What you're describing is what I would actually call the step prior to everything being truly priced in bitcoin.
Widespread acceptance of bitcoin will likely occur while some fiat or other is still the unit of account. In other words, the price will be in terms of fiat, but you can pay with bitcoin at the prevailing exchange rate.
The ultimate money step for bitcoin will be when people do their accounting and price discovery in terms of bitcoin. That means they'll be defining contracts in terms of bitcoin and thinking of things as being cheap or expensive because of how many sats they cost. People will ask to be paid one bitcoin per year, for instance, rather than asking to receive their $70k in bitcoin.
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