Digital gold theory deploying in practice.
This vision of Bitcoin as the new gold instead of the new uncensored p2p elettronic money is objectively prevailing, at least among institutions and corporations.
Greaham Law is something we should deal with.
My 2 cents.
But isn’t this all according to plan? Ppl will hoard the good money and transact with the bad money, until one day they will be obliged to use the good money for transactions too.
I think the temporal development was 1) store of value 2) mean of transaction 3) unit of account
I respectfully disagree
no worries, I'm not sure of this myself, care to share your take ?
My take is nostr:nprofile1qqsrwseygwgtu5688flrkwudqnwws0mvj52tsx5e07emzg7qwthe77qppemhxue69uhkummn9ekx7mp05fyrru 's take here:
https://bitcoinmagazine.com/takes/the-clock-is-ticking-while-you-do-nothing
1) The fact that governments would have become involved in this was inevitable, it’s the ultimate test that btc needs to pass (unless you think that btc would have been adopted widely without governments involvement? Would have loved a good old revolution myself but doesn’t seem realistic).
2) the main point of shinobi article is that btc need to be able to sustain global scale adoption right now? Did I get it right?
The main point is that ossification + hodling not spending leads to different subsystem centralization that eventually leads to capture/destruction by the power that be.
