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0 sats \ 0 replies \ @jerrybature 17 May \ on: Bitcoin will never replace fiat bitcoin
The poor wants to climb the ladder of fiat to get to benefit from the Cantillon effect, while the rich, who already benefited from the Cantillon effect wants to keep the system rolling. So, indeed it's going to be very difficult for bitcoin to replace fiat. But, for me as bitcoiner I strongly believe that it is this behavior by the "Fiatelos" that could eventually lead to the complete break down of the fiat system.