I have lived my whole life in a fiat money world. So has everyone under 52.
Discussion
True. But there's difference between the fiat world and fiat life.
There is a special cure, the orange pill đź’Š, that will restore the chemical balance in your brain and gets you the fuck out of fiat life. It also allows you to see the fiat world for what it truly is...
It's an incredible experience. The more people who take the orange pill, the more the fiat world begins to disintegrate before our orange-pilled eyes.
#Bitcoin
Very well said.
Correct. I think many bitcoiners don't really appreciate that we are still living in a fiat world today and bitcoin has practically zero bearing on the economic calculus driving decisions in the real world.
The sovereignty for the the individual is of course important as well, but the greatest achievements in civilization emerge from voluntary cooperation, and fiat still dictates how people organize their time and attention.
As a store of value adoption may be around a tenth of a percent, but as a standard of *value/contract* it is likely an additional 3 orders of magnitude smaller since virtually everything is specified in fiat, (sometimes partially in effect with commodities via futures hedging.)
People ask "why hasn't bitcoin fixed X?", but the reality is we have not really reached day zero yet of a Bitcoin world.
Interesting fact. From the Revolutionary War to 1933 the value of the US dollar was basically a unchanged. You could truthfully say 1USD = 1USD.
This brings to mind a profound quote from Dr Emmett Brown, 1985 “Roads? Where we’re going, we don’t need roads” - just because we always used roads(fiat), it doesn’t mean we always will