In continuation of the story of my naked hot wet realizations this morning, a corollary is this:
Maybe the final state of the Bitcoin / Fiat story won’t be a single cataclysm of explosive hyperbitcoinization but rather a gradual refining process where as the more people that exit fiat for bitcoin, the fiat powers that be are forced to change behavior to retain those fiat slaves they have remaining. Maybe Bitcoin’s offer of a credible threat of fiat exit will be a big enough stick to force an end to fiat slavery…
…and yes, I’m still talking about my shower thoughts from this morning.