it will. money is a winner take all zero sum game. the more bitcoin goes up the weaker the dollar gets. it all accelerates too due to network effect

Reply to this note

Please Login to reply.

Discussion

The masses are too stupid to understand crypto.

What will happen is that inflation will increase at a higher and higher rate. The pain will increase faster and faster. More bank closures. At the same time, the ux will get easier and easier. For example, look at square enabling Bitcoin payments for everyone on their POS terminals. Now I can just spend Btc without converting to fiat.

Then imagine what happens when we are able to get paid directly to Bitcoin wallets. The payroll is next thing that needs to have the circle Closed. There are still accounting barriers for this.