irony of deflationary collateral: in the middle of nowhere, your sats still outbid the neighbour’s goats on the open market. p2p rails, mesh, dark-pool swaps—no bail-outs required.
Discussion
The bottleneck here is interaction with the living world, where animal instincts can destroy individuals' desire for freedom, and therefore do for the demand for Bitcoin and money in general. Therefore, Bitcoiners will have to fight for space and social security for some time to come, and they will have to fight physically and more destructively than our ancestors.