GM!

GM 😅

Because the 21 trillion dollars in offshore money belongs mostly to the mafia, Drug cartels, And human trafficking triads, Who can not use their money if they are unbanked. That’s why the Kevin O’Learys of the financial world can not just ape into bitcoin, Because their money is actually controlled by Blackrock, So an ETF product is the way everyone gets what they want. It really is a nice group that will be wealthy in bitcoin.

I think before that will happen governments (like El Salvador) will value their fiat currencies on Bitcoin. Some countries will take longer than others to use bitcoin as a reserve asset, But I do not think a global hyperinflationary collapse is inevitable. Check out the dollar milkshake theory. The IMF prints the money for 194 other countries, And that makes up about 3 trillion dollars in USD denominated debt. This is what helps the dollar keep its value. I think Bitcoin will become a more efficient way for the US Government to export dollars, As that is the main value proposition of the Federal Reserve. Instead of using dollars to value these 194 other currencies, The digital dollar will be the US Government domestic asset, And as different nation state economies make trade, Bitcoin will be the asset they by and trade with each other. This is not an Everyman kind of thing, And nation states are not just valueless in essence. The currencies they trade in are ultimately a psychological concept, But so is bitcoin.

I think before that will happen governments (like El Salvador) will value their fiat currencies on Bitcoin. Some countries will take longer than others to use bitcoin as a reserve asset, But I do not think a global hyperinflationary collapse is inevitable. Check out the dollar milkshake theory. The IMF prints the money for 194 other countries, And that makes up about 3 trillion dollars in USD denominated debt. This is what helps the dollar keep its value. I think Bitcoin will become a more efficient way for the US Government to export dollars, As that is the main value proposition of the Federal Reserve. Instead of using dollars to value these 194 other currencies, The digital dollar will be the US Government domestic asset, And as different nation state economies make trade, Bitcoin will be the asset they by and trade with each other. This is not an Everyman kind of thing, And nation states are not just valueless in essence. The currencies they trade in are ultimately a psychological concept, But so is bitcoin.

I think before that will happen governments (like El Salvador) will value their fiat currencies on Bitcoin. Some countries will take longer than others to use bitcoin as a reserve asset, But I do not think a global hyperinflationary collapse is inevitable. Check out the dollar milkshake theory. The IMF prints the money for 194 other countries, And that makes up about 3 trillion dollars in USD denominated debt. This is what helps the dollar keep its value. I think Bitcoin will become a more efficient way for the US Government to export dollars, As that is the main value proposition of the Federal Reserve. Instead of using dollars to value these 194 other currencies, The digital dollar will be the US Government domestic asset, And as different nation state economies make trade, Bitcoin will be the asset they by and trade with each other. This is not an Everyman kind of thing, And nation states are not just valueless in essence. The currencies they trade in are ultimately a psychological concept, But so is bitcoin.

Well, then, I guess I could just goto ChatGPT but that just doesn't seem like as much fun as being on nostr with a family of friends does.

I need a good Thanksgiving day joke please.

I also disagree with this point. I do think the role of the state is to preserve itself, Not its population, But I do not think enough people are technically able to comprehend bitcoins value proposition fast enough for every government to actually collapse at once. Aside from this there are still economies that have not suffered massive inflation like Monaco or Denmark. I think CBDC will fill the role of the less technically able people like homeless or disadvantaged people from poorer economies. Bitcoin is for people from the middle class who are smart enough to recognize the shortcomings of indebted economies. Just like gold.

Us, Soon™️ (ish)

The get paid in bitcoin tier is at some level of bitcoin mastery. I am at build a bitcoin node from scratch level and make about 100$ a day in my FIAT job. For me to switch to a paid in bitcoin job means I need to make more than 100$ a day, And then I need to consider the taxes with selling bitcoin to buy the things I need, Or what comes along with that. I am pretty sure 10 s19pro miners at 2cents per kilowatt don’t make 100$ a day in bitcoin. Getting a jab that pays in bitcoin is pretty much more exclusive than getting a job at a bank, And far harder to come by. Most people will buy a few hundred dollars of bitcoin, Sell the first time it dumps, And miss it entirely.

Most people don't buy dollars..... they earn them.....

Yet no one spends it, making earning it difficult, lol.

Strongly disagree.