Yes we all know that Bitcoin becoming the unit of account will take time.
And we all know it’s not the unit of account.
We all know that the USD is the current unit of account.
That’s why it...
I tend to disagree. Measuring Bitcoin in something that is fundamentally rotten only casts a bad light on the measuring stick, not on Bitcoin itself.
Imagine this: two or more large players control the majority of a fiat currency. They can trade the underlying asset among themselves and drive its fiat price effectively to whatever they want it to be. That does not mean the underlying asset is broken; it means the system that allows this behavior is.
I understand what you’re trying to say, and for most of humanity this is the reality we live in today. However, once you see the rot and truly understand it, any rational thinking person should reject the system entirely. That includes pricing Bitcoin in USD.
This again highlights that the real driver behind Bitcoin ultimately prevailing is adoption and education. The more people understand what’s happening, the more will opt out, and the more stable Bitcoin circular economies will become.
NGU is fun and appealing in a fiat world, but if you actually want to escape fiat’s grip, you have to reject it completely. In my view, NGU’s main function is to attract new people, with the hope that they eventually see the rot for themselves and choose to opt out.
Imagine this: two or more large players control the majority of a fiat currency. They can trade the underlying asset among themselves and drive its fiat price effectively to whatever they want it to be. That does not mean the underlying asset is broken; it means the system that allows this behavior is.
I understand what you’re trying to say, and for most of humanity this is the reality we live in today. However, once you see the rot and truly understand it, any rational thinking person should reject the system entirely. That includes pricing Bitcoin in USD.
This again highlights that the real driver behind Bitcoin ultimately prevailing is adoption and education. The more people understand what’s happening, the more will opt out, and the more stable Bitcoin circular economies will become.
NGU is fun and appealing in a fiat world, but if you actually want to escape fiat’s grip, you have to reject it completely. In my view, NGU’s main function is to attract new people, with the hope that they eventually see the rot for themselves and choose to opt out.
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