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Any thoughts ?

I mean, he’s not necessarily wrong. If you want Bitcoin to be the US standard in the next 15 years, yes he’s right.

But fiat will exist for a long time, and Bitcoin will last even longer. I think the culture is beginning to shift and more and more people are waking up.

I don’t think you’ll see the day where EVERYONE wakes up. Bitcoin could be super easy to adopt and millions would still prefer USD. Millions have already been addicted to government assistance, and will not make that shift to money seperate from state.

But the free thinkers, the producers, they will end up at Bitcoin. Doesn’t matter if FedCoin is widespread before Bitcoin is.

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Discussion

BitcoinSandy 2y ago

Thanks for the reply Ben, agree with you. Will be interesting over the next 5 years to see how adoption picks up with several CBDCs to be released alongside

BitcoinSandy 2y ago

I’m not so sure Bitcoin fails if it doesn’t become

a medium of exchange in the short term. In 14 years Bitcoin has exploded already.

Looking good so far 🤙

Ben 2y ago

Exactly. It seems by this guys article, his definition of “success” mean more widely used than FedCoin. Or like World Reserve in the next 5 years. So sure, by that definition it may look “unsuccessful”.

But as long as blocks are still clearing 10 min on avg, there’s no double spends, Bitcoin succeeds in my book.

If FedCoin spreads quicker than bitcoin early on, I’d view that as a United States failure rather than a Bitcoin failure