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MrTea58d ago
I wonder if bitcoiners realize they sound like gold bugs over the last 30 years? I don’t think most of them are old enough to realize it. I don’t buy into the doomerism that everything is going to burn down and then bitcoiners rule the world. I mean maybe 🤷‍♂️ but that sounds like something that would happen over 5 generations and not in my lifetime. I feel like they glom onto these low probability events to give their life meaning with the hope that one day they will say “see! I was right!” If we are assigning probabilities TODAY, then it’s more likely Bitcoin fails than we see hyperbitcoinization. However, bitcoiners are directionally accurate so that’s been enough for me to join in
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StackSats.IO58d ago
It could well happen in your lifetime. I’m confident that the ruling elite isn’t far from losing its will to power behind the current worldview. But hoping that the world will spontaneously re-organise around you because you have morals/righteousness/philosophy/hard money/whatever on your side; that’s just not how the world works. It requires organisation. Even if the system collapses #Bitcoin could still go to millions per coin but that doesn’t necessarily mean hyperbitcoinisation - that just means Bitcoiners would be rich in a system ruled by a new set of elites who aren’t going to give up the money printers because they’ll want to use them for THEIR new ruling ideology. That would be Bitcoin failing in my view and I see that path currently as FAR more likely than true hyperbitcoinisation the way Bitcoiners consider it where it’s the basis of the global economy and people are no longer enslaved by monetary debasement - that path requires an organised minority with will to power who put reality ahead of ideology.
0000 sats