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0 sats \ 4 replies \ @028559d218 OP 15 Mar \ parent \ on: Does Saylor read Stacker News? Mr. Saylor's "Sat" Comments Identical to Mine bitcoin
His speech was absolutely brilliant and in my opinion is the most realistic path for Bitcoin going forward.
It's not 'the ideal path' but it's the most realistic big-picture
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My opinions are my own. Bitcoin competes according to him with the US treasury market and could one day replace it.
That's a 28 trillion dollar market.
In other words it's more than 'trinkets' on Amazon or being able to 'buy stuff'.
Censorship resistance and relative privacy... don't have to run contrary to a massive, liquid, safe-haven market which he is forecasting over the next 20 years.
What was the outcome of Bitcoin to eventually be... people hodling and buying fruits at their local market? OK what about after that? What does it become after that if it's as 'safe' and 'secure' as many believe?
It competes with huge, risk-off global monetary markets and everyone will want it.
The biggest of which are bonds and real estate if we're being honest.
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Bla bla bla fiat bullshit
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If we use Bitcoin at the grocery and people want it... ok.
If we use it at the mall and people want it... ok.
If we use it online or to shop online and people want it... ok.
Every time we 'use' it for these things... and people continue to 'want it' more than they want to 'spend it' the value goes up.
As the value 'goes up' the 'value' of the network increases to compete with gold, then bonds, then real estate then other things...
until it competes with them all.
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