frostdragon on Nostr: Really great take. I agree with most of this. I happen to think bitcoin is past the ...

https://youtu.be/MAeYCvyjQgE?t=695

Really great take. I agree with most of this. I happen to think bitcoin is past the point of no return. It wasn’t always “destined” for success, but, imo, it is now. I don’t think it can be stopped at this point.

Aside from that, I fully agree that there will be unintended, unknown, negative consequences of going to a money that has zero democratic levers.

We live in a society where the disease of hyper-consumerism is infecting everything around us. Human nature, not fiat, is it root. But fiat is fuel to the fire.

When you take away the “securities” and comforts that have been afforded to us via accelerated advancement and highly incentivized investment in anything and everything… I’m concerned about what will be left, and what the new method of self-destruction will be. I have hope, but not any degree of certainty, that things will be less bad overall with bitcoin.

But the human nature problem is not fixed by bitcoin, and some things will be worse.