pull down to refresh
243 sats \ 4 replies \ @Undisciplined 13 Jun \ on: Bitcoin is a Tradfi Asset now bitcoin
In this divergence scenario, it doesn't seem like Americans or those from the lesser developed nations would be stuck on the outside looking in. If Model A is operating somewhere, then Bitcoin should be accessible to pretty much anyone in a wealthy country.
I think the issue is that those living under Model B don't feel the necessary pain to bother with Bitcoin. Our fiat works pretty well as a medium of exchange, but it's a terrible store of value, so most of our fellow countrymen will only really want Bitcoin for its store-of-value property.
I think this is fair. Also I think in developed nations you need a lot more bitcoin to protect and preserve your living standards than you do in emerging markets and if more circular economies crop up in these emerging markets hopefully that comes with opportunity to earn bitcoin for work as well.
reply
Also I think it in model B the "developed" economy itself is significantly propped up by fiat and therefore more of the development is revealed to not be useful with wide spread adoption of bitcoin. This distinction of A and B scenarios can also be expressed based on a continuum of fiat dependancy. The less reliant on fiat a country or a person the better and scaling solutions improve the reliance ratio for everyone.
For fiat poor nations scaling helps for adoption now. For fiat wealthy, bitcoin scaling and local circular economies are protection against real risks which could even tip the lifeboats.
reply
Well said
reply
Dollars are more practical in emerging economies. Hence the popularity of tether
reply