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42 sats \ 6 replies \ @fiatbad 24 Oct \ parent \ on: US inflation rises less than expected to 3% in September econ
How is Bitcoin not quickly disinter-mediating that system? Why is it taking so long, when it's such a glaringly obvious move to make????
It's the most rapidly appreciating asset in recorded history.
This is basically as fast as things can go.
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Has there ever been a significant, nation-state level trade settled in Bitcoin? Or is it just plebs buying pizzas and beers? MSTR is hodling, but they still use and accept fiat for all their business. And they're considered the extreme Bitcoin company.
"Most rapidly appreciating asset"... when measured in fiat. Still used to settle trade about as much as prison-cigarettes.
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Has there ever been a significant, nation-state level trade settled in Bitcoin?
Yes.
Global Trade Russia has begun using Bitcoin and other cryptocurrencies to settle oil trade transactions with China and India to bypass Western sanctions. While Russia has explored alternative payment rails since being cut off from SWIFT, this move signals an increasing reliance on digital assets to facilitate cross-border commerce.
Not when measured in fiat, when measured in purchasing power.
I'd like it to go faster too, but there's some sort of social/cultural speed limit on adopting new things and we've never seen anything adopted this quickly before.
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And a vast majority of the population still choose to wear blinders, refusing to acknowledge it.
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