Replying to Avatar SpyMasterTrades

A lot of people fail to realize this, but the price of Bitcoin in U.S. dollars is, in many ways, a real-time chart of de-dollarization.

The price of Bitcoin only goes up (when priced in dollars) because people are trading in dollars for Bitcoin. Those who trade dollars for Bitcoin with no intent to sell that Bitcoin for the foreseeable future ("#hodlers") are, by definition, abandoning the dollar.

Furthermore, the #LightningNetwork is creating a major market of #V4V exchange in which the dollar is no longer the unit of account. The unit of account is Bitcoin. People are increasingly exchanging goods and services for sats, the smallest unit of Bitcoin.

This is de-dollarization.
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Allen 2y ago

converting dollars into bitcoin is a peaceful revolution

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SpyMasterTrades 2y ago

Exactly right. It's a peaceful revolution.

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Obi-₿it Koinobi 2y ago

It's not peaceful for the captain of the Titanic. Instead of trying to get women and children into the lifeboats he is instructing his crew to prevent people from getting on the boats. In fact, he is instructing his crew to try and destroy the lifeboats.