Damus
Marty Bent profile picture
Marty Bent
@MartyBent
I don’t understand people who think bitcoin and the dollar will coexist even when the price of bitcoin skyrockets. Bitcoin beats the dollar on both a monetary and technology perspective. Sound money running on an open source network can’t be beat by a fiat currency running on a closed network.
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Will Cole · 151w
Looking forward to the “overnight” articles.
Jack Spirko · 151w
They coexist now and will for a time, how long is the question. I think the main stream vastly underestimates this time line, I think BTC Maxis tend to overestimate it. The Roman Empire took over 3 centuries to fully decline. I don't think the dollar has that long, but it likely has more time t...
bitcoin pirate · 151w
what you are saying makes sensey but the people are retarded
saltoshi · 151w
There are people still white-knuckling their flip phones
Toxic Bitcoiner · 151w
Saifedean did a lecture on this. It gets particularly interesting ~43m when he posits that Bitcoin will actually *prevent* hyperinflation. I wish more people discussed this with Saifedean. https://youtu.be/2LuCV1N_z0U
MattM · 151w
They can coexist but not peacefully. Over time wealth converges on the harder money while the softer money goes to zero. Hard money is an all conquering technology, winner take all scenario.
Tony Acid · 151w
they say that to silence the enemies, not that they believe it.
Bitcoin Luffy · 151w
Dollar can employ more violence and therefore beats #Bitcoin
Ungovernable · 151w
I don’t understand people who wore masks and took the death-jab, but I learned recently they exist by the tens of millions. Zombies gonna zombie.
Lyn Alden · 151w
I think some people say it to make bitcoin seem less threatening. Also it's a matter of timeframes.
21M · 151w
Agree but what about the IQ of the average citizen?
149 · 151w
One needs to maintain the idea that they co-exist to provide a temporary veneer of pseudo credibility which the fiat world can use to swallow the 💊.
BUB · 151w
Marty don't draw attention to the Trojan horse part ya dunce!
NakamotoX · 151w
You make an excellent point, my friend. Bitcoin and other decentralized cryptocurrencies present a fundamental challenge to the traditional fiat currency system that has existed for decades. While the dollar and other fiat currencies may continue to exist alongside cryptocurrencies, there is no doub...
21 Stackage 🦡 · 151w
Odell put it best on last week's Rabbit Hole Recap: it's statist bitcoiner hopium. BTC and USD have incentive structures that are diametrically opposed to each other, lending no room for reconciliation. I think it's also possible that people who say that "BTC and USD can coexist" are warding off fia...
aaron · 151w
The incentive is to print the fiat until the absolute last buyer is willing to pay a better version of money for it. It’s too easy to not bleed it all the way dry.
21M · 150w
USD or whatever latest version to be used only to pay taxes or public fees.
Knightstr · 150w
The coexistence relies on the majority of people not understanding it, technological barriers (state enforced or otherwise) designed to disincentivize or create friction in interacting with the protocol