Self Custody Labs
· 1w
If you know what you are holding you wouldn't freak out.
If you focus on the price you are still in the FIAT system and you are still giving your energy to it.
Stop and hold, look at your stack and re...
i think it's reasonable to be anxious about degraded acceptance of the money on a timeline that's inconvenient for the individual.
yea, i think bitcoin is inevitable. and even without pricing in fiat, when the overall network of builders and enthusiasts are pessimistic, it's possible to imagine the network of people who will trade you goods for bitcoin temporarily shrinking.
if the guy i trade bitcoin for food decides he doesn't want to do that anymore, i'm going to find myself in a near-term pickle (bitcoin replacing fiat on a wider scale in X future years notwithstanding).
in my view, its always been about if there's enough "gas in the tank" to jump a very strange gap to medium of exchange in time for the die-hards to stay alive and fed. if that window closes, i don't know what happens to the security and decentralization of the network...