Damus
๐•žptf · 1d
thats not really what im saying. im pretty sure there wont be widespread adoption among the masses. wealth always distributes to the top, people choose convenience over everything else.
gojiberra profile picture
oh, sorry.

i think you are right...there's always wealthy people in charge of their town, community, church, etc. and we just have to resign our future selves to being them..

actually i did hear that guy Jesse Meyers talking about how money adoption usually works. i was kinda disappointed that the whole bitcoin/lightning circular economy thing doesn't really fit with how money is adopted historically.

apparently it goes from being collectible to being "Store of value" for a while before it wins its place as "medium of exchange" by people wanting to be paid in it.

but then again, maybe with internet networks, the whole historical template is sped up. i would assume any kid playing video games would benefit from a lightning wallet.

but if the strait of Hormuz story is real about Iran wanting stablecoins, that's such a head scratcher that i'm also wondering if people's brains really are that different and it's going to be slower than expected.
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captjack ๐Ÿดโ€โ˜ ๏ธโœจ๐Ÿ’œ · 1d
no ball scratching - no enemy was to use any chain which controlled by majority by oponent - apparently it goes from being collectible to being "Store of value" for a while before it wins its place as "medium of exchange" by people wanting to be paid in it. -- both are gone after 17 years there m...
๐•žptf · 1d
im talking about human psychology, it cant be beaten. bitxoin was made legal tender in El Salvador, but people chose the dollar (convenience) over freedom tech. can you verify that tolls are being paid in stable coins in Strait of Hormaz or its just propaganda...?