ok so the idea of a 'collapse' of the West and parallels to the fall of the Roman Empire get bandied about quite a bit, but in reality , Rome was in a state of collapse for literally centuries and how many of the citizens had a clue in the moment.
while fiat money, IMO, has caused a massive downgrade in people's purchasing power and quality of life across the board, i don't think we will see a collapse in the apocalypse sense most people think, or even something close to the Mandibles.
i think we're already in a managed decline of an unsustainable system, but instead of some kind of revolution, i think life just gets a bit poorer and suckier. maybe bitcoin is the hail-mary equalizer, or maybe bitcoiners will accidentally become a new rich elite class, hated by the normies for getting 'lucky'
to me, i think of failed states like Lebanon (no offense to anyone from there), or other failed states. like, these places are still here and there are still wealthy people in them and restaurants and fancy cars, just the power and wealth distribution is horrendous.
what do you guys think a collapse looks like?
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1051 sats \ 1 reply \ @frostdragon 5 Oct
Gradually then Suddenly is one way a to look at it... and a lot of people think it's going to be similar to Weimar. Interest rates and the monetary supply won't just go in the same direction until it's unsustainable... They'll go up and down and up and down until we crash and burn. Each time we print money, we'll over correct with higher interest rates, then we'll over correct with more money printing, then even higher interest rates, then even more printing... At first it'll be boiling the frog, then it'll be an exponential nightmare. At least, that's one theory. Definitely seems like we're in the frog boiling stage rn.
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does feel like the boil stage, i don't think somewhere like the US could go full Weimar tho as they can still get hard commodities for the fiat dollar.
eu could be in more of a shaky position a-la Grecce when it was on the brink.
but really, how many more big prints and could people start using btc as a reserve asset before that happens?
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