What happens when 10% of the people understand money?

Reply to this note

Please Login to reply.

Discussion

Panic in the first class?

Chaos.

Apocalypse.

The great unwinding.

The fiat system cannot withstand 10% of people understanding how money works.

These 10% will buy as much bitcoin as they can.

Bitcoin goes to 10m per coin

Governments ban bitcoin

Black markets develop

Fiat currencies collapse

Governments become authoritarian

Debt based system collapses

More people want bitcoin

Shadow economy develops

Everyone wants bitcoin

Hyperbitcoinisation

Simple as that 😅

I’m sure I forgot since steps along the way and mixed them up. Maybe the whole cascade stops at “governments become authoritarian” and we can’t escape.

Some *

survival instinct is a lot stronger than the propagandists want us to believe

That will be 3 times more people than those that overthrew the British in the American Revolutionary War.

They will understand that fungibility is one of the most important qualities of money.

Monero is money Bitcoin is a commodity/title.

Bitcoiners that tell me they understand money, but not understand fungibility are not part of those 10%.