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0 sats \ 0 replies \ @iLeitaoMD 14 Jul 2023 \ on: Opinion: Why BTC can't become the reserve currency bitcoin
Btc already became our reserve asset. Everything is getting repriced in btc terms, you can't see it. Bitcoin wasn't made to grow production, to grow GDP, to get rich quick. Bitcoin was made to standardize a ethical accounting system, that everyone can agree and verify it. Bitcoin economically impacts "bad interaction, behavior and beliefs" by forcing people play the rules.
Whats wrong with it?
There is no direct relation in game theory, but fixed block size makes bitcoin more secure because decentralization. The base monetary layer of the world must survive all kinds of attacks.
There are trade offs, the base isn't made for general use, but for integrity of the system.
On the other hand, monero is less decentralize and therefore less secure, losing network effect, it will become obsolet.
People don't need to be orange pilled. Price will tell them where to move. Even in a manipulated monetary system they can't supress prices forever. And it's happening right now.
When there is enough holders and stock/flow increases everyone will have to move to bitcoin until its too late. The laggards will pay with their time for being backwards Market signals
If there is one thing a politician wants more than bitcoin is use bitcoin as a path to stay in power...
I don't anyone will succeed. Bitcoin make anyone equal power as the other.
I love this way of thinking how the future would be.
I am developing a project to integrate health FOSS with other health platforms. One of my wishes is to make healthcare affordable for the poor
Do you think free market could evolve from competition to collaboration , for exemple, an free open source system developed for everyone in a industry and integrating all other previous softwares or business?
I believe this is much more productive and creates more value, than creative destruction...
GENESIS