Most #bitcoiners will cash out back to fiat and go crazy on consumerism if the price hits $1 million; and those who have held onto their coins but have not prioritized #privacy and #cybersecurity will eventually lose their holdings to hackers or to $5 wrench attacks, one by one.
In a few years, most of the available #btc might be in the hands of only cypherpunks bitcoin maxis, ETFs, large companies, and governments.
If that were to happen, would you still consider #bitcoin a success?
Nahh. It'll be locked in L2 channels, and there'll be great open source security & privacy tools with UI & UX that enables adoption by the masses.
Only YOLO enthusiasts will sell their corn. The ones who know YOLO is a psyop will do what's right. Spending sats and changing sats for dollars is not the same thing imo. Spending is great, exchanging them for dollars is really a bad idea on average.
Stack matches skill. If you think you're top10 material worldwide all time, go on and hodl up to 1M coins. Others will obviously settle for a much smaller stack.
# Stay Calm, and Use your #BTC as *Collateral** like a good little legacy-wealth #pleb
itll make it even worth more
If Bitcoin hits $1 million, nobody will want USD because it'll be like Zimbabwe dollars and we'll all be using only Bitcoin and owning Bitcoin will be so ubiquitous and normie that nobody will take note of someone spending Bitcoin and we'll have top-notch security.
If I was a truly evil banker, this is exactly what I would do: print unlimited money, use it to buy all bitcoin at any price for myself and the entities I control. And hire hackers and all sorts of murderers to take bitcoin away from those that do not sell. That would help me keep the power while restraining bitcoin from causing any power distribution and decentralization.
But luckily, there do not seem to be enough conciously evil bankers to be able to pull this off.
