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20 sats \ 1 reply \ @grayruby 21 Jan \ parent \ on: When do you think our world will be driven by the Bitcoin Standard? bitcoin
This is my point. It will take many years for all to adopt. It took 70 years for the existing fiat infrastructure we have to be built out. Now I think things can move faster with Bitcoin because we have the internet and mobile and it is global but still will take decades.
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40 sats \ 0 replies \ @Coinsreporter OP 21 Jan
It took 70 years for the existing fiat infrastructure we have to be built out.
When we were kids we could exchange things for grains in our villages here. I remember it was very much prevalent till 2000 - 2005.
This is a great point to tell someone who asks why it's so early for Bitcoin when it's already 15 years. If fiat took 70 years, we should at least give 30-40 years to Bitcoin.
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