Damus
Leo Wandersleb profile picture
Leo Wandersleb
@LeoWandersleb
If humanity has terminal currency cancer, eating healthy Bitcoin might not be enough.

Sure, it would be enough if all would understand the diagnosis but as that won't happen on the individual level, our fight is futile.

I think, we can't rely on "everybody buying bitcoins at the price they deserve". We need people to make the switch when they still have financial fire power left or the long tail of the economic spectrum will crush the few who made the switch earlier.

That is why we should care less about institutional adoption and more on those who actually most need money to be fixed.
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Bitcoin Awareness · 11w
Indeed, Bitcoin should be adopted and used as money, not treated as an asset priced in fiat. Without adoption as money, it will fail. Our efforts should be directed toward adoption as money.
Rm -rf · 11w
bitcoin is cure for monetary system. political system will need separate fix. despite existqnce of gold, most countries run fiats
CptKook · 11w
The question is, will the ride or dies (1-5% of global population) be able to strategically build out enough jdx distributed citadels quick enough to survive? I don’t think it takes convincing everyone with financial firepower. That’s not practical. Once at a critical mass, these bitcoin circula...
Narwhal Tacos · 11w
Well said, imo.
enchanted4365 · 11w
As bitcoin further establishes itself more people will adopt it naturally due to it's characteristics it will lower the time preference of it's user-base and therefore improve diet and health of everyone in the ecosystem.
cheesypleb · 11w
The paradox is that regular people will only buy bitcoin if the price keeps going up and that will only happen at this point (2T market cap) with (more) institutional adoption.
sister_sam · 11w
Bitcoin is not healthy. It is ruinous for financial privacy and thus for financial freedom.
BTCrevolutionary · 11w
Exactly, fuck institutional adoption.