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I think about this stuff all the time, and very carefully. The world does not work in these narrow economic ways. Culture and politics play outsized roles.

⚡️🌱🌙 2y ago

The world is never going to suddenly switch to an embryonic system, as bitcoin currently is.

They will always bail out the existing system, until Bitcoin is bigger than local currencies.

That means a lot of building, lots of on/off ramps, lots of users and a decade+ proof of use.

Bitcoin needs to figure out things like open source lending books, open source limit order books, plus liquidity and monetary velocity.

I think 2 generations is a sober time frame.

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0xMisterWolf 2y ago

I’d say 1 generation, but this isn’t my strong suit, either.

Bitcoin does need a massive amount of work to get to the point where it’s a realistic option.

I was simply saying that geography or cultural differences don’t matter on on-chain economics. If a huge chunk of the global economy supports a BTC store of value or - dare I say, standard - that precipitates the fall of the dollar as the crutch or finance.

I’m excited to see what happens.