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20 sats \ 2 replies \ @CheezeGrater 14 Nov \ parent \ on: Bitcoin cold war bitcoin
That's the beauty of states stacking, they will accelerate the devaluation of their own currencies.
States having sats does not equal states controlling Bitcoin, it does however shift incentives away from fighting Bitcoin, especially if they are competing with each other in order to have some.
We might need to speed up layer 2 improvements if we want to keep decentralization up though, if states do start stacking hard it's going to become very expensive to manage channels.
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10 sats \ 1 reply \ @028559d218 14 Nov
The more Bitcoin is used, all things being equal, the more expensive it is going to get.
It's like that old saying... "nobody goes there anymore, it's too crowded..."
NgU and adoption means it's going to be the 'high-powered' money that people save in and that's used for global commodities trading and exhange. It's too powerful, too good to be used on candy bars and soft drinks.
Just my opinion.
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21 sats \ 0 replies \ @CheezeGrater 15 Nov
If the value per unit becomes too high, we simply divide it again, ever heard of milli sats?
So long as transaction fees aren't an issue, the value per unit doesn't matter to everyday use, just that the value is stable.
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