Subnostr

In the end it will be who can present the most convenient product to the masses. 1st world countries in particular.

Our comparative wealth has made many complacent & lulled them into thinking nothing bad will happen we are “insert country here”.

The slow burn will cause a flip in the amount of wealth nations have & in my opinion a restructuring of world power.

El Salvador, Oman & the countries front running the accumulation, education and distribution of #bitcoin & it’s related technologies will be the next super powers.

Meanwhile countries on fiat will continue to slowly boil until it’s too late.

binsky 2y ago

This! This is so true! First world countries should definitely not lag behind on #bitcoin. I can only agree! I mean, I’m happy to see lands with #hyperinflation go big on #btc. But like you said, it can happen to every country

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Discussion

Majere 2y ago

Especially when these #hyperinflation countries stop using #fiat & no longer protect the issuing country as a buffer.

binsky 2y ago

Sorry what?

Majere 2y ago

The countries that are experiencing hyper inflation are beginning to move away from dollars in favor of hard money.

As fewer countries use the dollar the country that issued them (USA) now has to absorb that loss.

This will mean less purchasing power for the dollar and likely lead to prices skyrocketing as the citizens have to now pay for imports that were priced in bitcoin.

Thereby causing hyper inflation in America & chaos culminating in an economic disaster the likes of which no American could fathom.

binsky 2y ago

Oh okay okay. That’s what I thought you meant. Yep, all true indeed. #btc is truly amazing right?