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0 sats \ 0 replies \ @Enemy_of_the_state 15h \ on: Jeff Booth's premise econ
It can’t be a medium of exchange if only .01% of people own it.
People in the west aren’t going to own it until Fiat collapses harder than it is now.
People will own it when they think they need it, not before…
Wanting it to be a medium of exchange, before anyone has any, is putting the cart before the horse.