Replies (77)

If Bitcoin competes with Visa, MasterCard, and other transaction rails that the dollar relies on, it will eventually replace the underlying unit in those transactions as well. View quoted note →
.'s avatar
. 1 year ago
good morning
SoapMiner's avatar
SoapMiner 1 year ago
Yes, it will. The SOV battle has been won. We need to keep building the ecosystem, to show by example, that Bitcoin is a MOE. Bitcoin is money. Use it as such.
In the end, I'm fine with keeping the inevitable ending to ourselves and letting the state think we're only trying to make "digital capital". image
Oh, you're there in person. 😂 Guess I might be the only person watching while seated atop an overturned 5 gallon bucket in a boiler room...
Eventually. But does it have to? I don't need to shave off a slice of gold at Starbucks... I have mixed feelings about it. In nations without the infrastructure of the U.S. bitcoin will 100% replace the dollar (or local currency).
I think that will not happen. #Bitcoin will take is the place of #gold, returning the ability to warehouse wealth to us those of the #plebs. (something that had forgotten and lost in time) The #dollar will continue as a reference currency for payments for a long time.
I’d say for some time rather than a long time. Money converges to one. Once people realize that they can trade the underlying as easily as the dollar, it will happen naturally.
star girl's avatar
star girl 1 year ago
that’s not rly anything to aspire to…in fact, that would be a FAIL.
Most people will leverage and use the dollar until they are told to do otherwise
I can’t stop laughing. Bitcoin had 16 years and 2 months to do that. I still pay for nothing with bitcoin. It is kind of tough when it isa regulated security. @Vitor Pamplona
AtomicAkorn's avatar
AtomicAkorn 1 year ago
Probably true. Although in the interim will be a transition where there will probably be a new US dollar that is backed by Bitcoin or some Bitcoin derivative.
For now Tether seems to replacing Bitcoin. At scale I'd assume that Monero will be the better and bigger MoE, while BTC can grow to become the gold replacement for governments.
NoIdols's avatar
NoIdols 1 year ago
Nah, the game is clear...get cheap money and convert it to hard...
Then americas money will no longer be under amarican control. Bitcoin is d ecentralized (wolrdwide, no borders, no nations, remember?)
Default avatar
nobody 1 year ago
That is not gonna happen.
Chad Lupkes's avatar
Chad Lupkes 1 year ago
Yes, it has to. The sooner the better. The fiat system is a black hole that is going to destroy us if we don't destroy it first.
Henry 's avatar
Henry 1 year ago
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