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68 sats \ 1 reply \ @elvismercury 3h \ parent \ on: Can Bitcoin succeed without widespread adoption? bitcoin
The definition of adoption is another assumption altogether, as it's mere existence has impacts beyond its immediate users. Do nuclear weapons prevent war if they're never used?
I hadn't considered this way of thinking about it, but it seems useful. To continue the analogy, the deterrence power of nukes was achieved after 150k-250k people were killed, and two cities were obliterated; followed by various other extreme demonstrations of power even more terrible as technology advanced over the years.
What would constitute a similarly compelling show of force, wrt btc? Has it been achieved already?
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0 sats \ 0 replies \ @justin_shocknet 1h
Yea important to remember the nukes in japan weren't to win a hot war against japan, but to start a cold war with the soviet union. Bitcoin has that kind of chilling effect, in that it's so asymmetrically powerful that capital controls become off limits because they'd just boomerang.
Trump for example has already spoken to how he considers its price to be a proxy for peoples savings power. He wants it up like he wants the stock market up, so its already influencing policy from that standpoint. Everybody is subject to the game theory whether they think they're playing or not.
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