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31 sats \ 2 replies \ @BitcoinIsTheFuture 26 Aug \ on: Peruvian Bull- Macro Writer AMA AMA
Thanks for sharing! Why’s the biggest risk right now to Bitcoin that you see and how do we get past it?
to biggest risk IMO is the shutting of the on/off ramps before we move to hyper-bitcoinization. this would essentially stop the rest of the world from bitcoinizing quickly and doom them to a death of 1000 cuts with their fiat holdings.
now, they would eventually be able to bitcoinize (get paid for services/products in bitcoin and then turn around and spend it) but this would require us bitcoiners spending our coins, which we won't want to do en masse until the price stabilizes.
so shutting of the on/off ramps is a huge risk and these gateways need to be guarded at all costs so we can retain our ability to port value out of the traditional financial system.
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Got ya!
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