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Hold up. The problem here is the finanicalization of EVERYTHING.

So the wealth of the working class has been stolen, funneled to the very rich financiers, that are in CENTRALIZED population areas (not center city - which are slums - but central population/finance centers).

If we fix the money, with #Bitcoin, the working class gets paid in REAL money and can KEEP their wealth over their lifetime, KEEPING the money in their hometowns/locations/smaller population centers.

Large financialized businesses break up - move to cheaper smaller cities.

This all takes decades - but it will happen if we can get to a Bitcoin standard. Again, takes time to create a humanity mess, and it will take time to de-centralize it. I'm convinced we are at the beginning of the next big thing - de-centralization and return of power to the people.

smoak 1y ago

I was once like you Fred. But now I feel corruption wins more often than not so reversion to the worse possible scenario over decades will be the trajectory. The old power structures won’t go without a fight. They won’t and can’t kill bitcoin so they’ll just target bitcoiners themselves.

Bitcoin doesn’t need mass adoption to win. I’m personally targeting the SoV narrative. Always have since I found bitcoin. I spend in Monero but believe Bitcoin will take gold’s crown. It’s an easy10x from here in terms of MC. We can have less than 1% of the world owning bitcoin and still win as the best SoV / savings device.

In terms of an idyllic future of hyperbitcoinization I personally feel that is off the cards and I’m ok with it.

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Fred Johnston 1y ago

<< idyllic future of hyperbitcoinization I personally feel that is off the cards>>

If things keep somewhat stable, I agree - it's off the table.

But I think this decade sees a major event that really sends us in a tail spin. It could happen anytime - and likely is related to the massive trillions in debt. Fed will print $20+ trillion to 'save' the system - which will assure it's death.

Fiat has never lasted more than around 100 years without a reset back to hard money.

I feel what you are saying - maybe I'm overly optimistic - but we absolutely will crash and burn the current fiat system - let's see what pops out the other side.