Damus
Giszmo profile picture
Giszmo
@Giszmo
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.
8
Bitcoin Awareness · 3w
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.
nostrich · 3w
bitcoin is cure for monetary system. political system will need separate fix. despite existqnce of gold, most countries run fiats
Narwhal Tacos · 3w
Well said, imo.
cheesypleb · 3w
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 · 3w
Bitcoin is not healthy. It is ruinous for financial privacy and thus for financial freedom.
Bitcoin Apostle · 3w
Exactly, fuck institutional adoption.