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36 sats \ 1 reply \ @fiatbad 8h \ on: This Is Not What Adoption Looks Luke bitcoin
This is my beef with the Bitcoin community as a whole.
I have no problem with trad-fi "adopting" Bitcoin. As the Bitcoiners say, it is an inevitable part of Bitcoin's eventual success story.
But what I can't understand is, why those same Bitcoiners are so comfortable using dollars. There isn't any effort from the community to end fiat. On the contrary, they talk about how Bitcoin can be a way to "save the dollar" from collapsing.
What the fuck happened here?
OP, yes, this is what adoption looks like when the Medium-of-Exchange element is suppressed. This is what adoption looks like when Bitcoin is just a Store-of-Value. Look how well that's worked out for gold the past hundred years.
Look how well that's worked out for gold the past hundred years.
Good point. And the gold bugs cheered when they got their ETF too (2005?) Twenty years of even more rehypothecation and price manipulation.
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