Replying to Avatar Brunswick

Saifedean Ammous's argument, to paraphrase is: According to Gresham's Law, fiat currencies are inherently flawed due to inflation and government control. As Bitcoin adoption grows, people will increasingly hold Bitcoin (the "good money") and spend fiat (the "bad money"), eventually leading to a world where Bitcoin becomes the primary form of money. This gradual process, amplified by economic instability in fiat currencies, results in hyperbitcoinization.
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gojiberra 1y ago

My mom: But you can't use bitcoin to buy a car.

me: if they want bitcoin, you can send it to them directly. Otherwise you can sell it as an asset for the currency that they want and give that to them.

It is an asset, AND it is transferable like currency! It has an added superpower.

Imagine trying to buy a car with Gold bars or stock certificates. (find a pawn shop, convert gold to cash).,,

Bitcoin exchanges are 24/7. It really is marvelous that the internet is used to exchange this asset as well as rails for the asset. It's like a perfect global marketplace of energy.

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Brunswick 1y ago

Your mom will never be a bitcoiner. Focus on the next generation