gladstein on Nostr: Obviously right now we live in a fiat world where Bitcoin is a small but growing part ...
Obviously right now we live in a fiat world where Bitcoin is a small but growing part of the global financial system
I think it’s possible we could live briefly in a fiat world actually “backed” by Bitcoin in the way BW system was dollars “backed” by gold
But not for long. Don’t forget BW only really lasted about 15 years
I think BTC obsoletes / replaces USD but this is still a wild chart (from ZH today)
Crazy to think how much of this has already happened or is in the works
Published at
2025-05-03 22:15:10Event JSON
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"content": "Obviously right now we live in a fiat world where Bitcoin is a small but growing part of the global financial system \n\nI think it’s possible we could live briefly in a fiat world actually “backed” by Bitcoin in the way BW system was dollars “backed” by gold\n\nBut not for long. Don’t forget BW only really lasted about 15 years\n\nI think BTC obsoletes / replaces USD but this is still a wild chart (from ZH today)\n\nCrazy to think how much of this has already happened or is in the works\n\nhttps://image.nostr.build/cba025bff72be2f9fc3e5a7a1f3547951acc247e141291ef6d6337bffead5889.jpg",
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