524 sats \ 3 replies \ @elvismercury OP 1 Dec 2023 \ parent \ on: Bitcoin's network effects and grounding in {X} bitcoin
This makes me think of another aspect of things -- the migration of some amount of value from fiat to btc. A lot of the discussion in the btc space is, imo, pretty naiive: they imagine a giant apocalypse where btc will suddenly dominate. I don't think that's how it will go, and that instead there will be a blending and migration. One layer absorbs part of the other and they intertwine in ways that people can't imagine, much like Christianity absorbing pagan elements, which themselves had absorbed earlier pagan elements.
Anyway, housing / rent is about as fundamental as it gets; as real estate loses some of its monetization, I can see some of the value migrating into the btc universe, little by little.
This is a great example -- btc comes to be grounded in the intellectual capital of those podcasts. This is a looser version of what Brave tried to do with their token, which I still think is a great idea, just one that is better served by a more general money, which the LN makes possible.
Interesting thoughts on the potential blending of Bitcoin and real estate markets
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I appreciate your general history of nice comments, but if you're a real person, and not a bot, you may consider making them more substantive lest they get muted.
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Ok thanks for the feedback. Just thought I would join the conversation, sorry
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