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282 sats \ 0 replies \ @Atreus 22 Oct 2022 freebie \ on: A New World Currency is shaping, and it isn't Bitcoin bitcoin
Nation-states understand Bitcoin perfectly well. Since they understand it, they don't want to use it — it "kinda sorta" demonetizes them. They'll accept it, but I bet they'll put up their own alternatives for "the reserve currency."
Just like how once upon a time it started on a mailing list, bTC adoption is bottom-up. Just like it outfought competitors in the 2010s, it'll have to outfight more (bigger) competitors in the near-term future.