Replying to Avatar christo

So bear with me....

Reading Justin Bons criticism of Bitcoin, saying it will collapse within 8-12 years due to block subsidy reduction and no real world adoption, resulting in insufficient tx fees for miner/network stability.

Just now listening to Alex Jones' guest on twitter, saying he predicts a major bank collapse in the next year.

So let's say worst case scenario, all the banks collapse catastrophically and the dollar, euro, pound etc become worthless overnight.

From the ashes people would need an alternative currency, the usage of Bitcoin would go parabolic overnight, there would be no outside price attached to Bitcoin because 1 Bitcoin would be worth 1 Bitcoin.

Real world assets and everyday things, everything would need to be priced in sats

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Jor 1y ago

The most likely scenario is always somewhere in the middle

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