Replying to Avatar Toxic Bitcoiner

Things don’t have to be a “store of value” per say to have value. Ex. houses will still be worth something, but their price will drop nearer to their *utility* value because, to your point, nearly 100% of all *monetary* value will be eaten by Bitcoin.
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Jason the Original 1y ago

Right but isn't that global wealth that is currently denominated in FIAT. If there is one currency then it all needs to have a currency denomination.

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Deleted Account 1y ago

Love

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Jason the Original 1y ago

Unless we are going back to a barter system. Which may happen if everything gets tokenized. That seems like a regression to me and people won't embrace it.

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Toxic Bitcoiner 1y ago

Houses, equities, antiques etc will be worth X amount of Bitcoin. Just like they’re worth X amount of dollars today. Just a lot less in % of total wealth. It’s pretty simple.