Froid⚡₿ on Nostr: I dunno about Saylor either but you have to put yourself in his shoes. He's ...

I dunno about Saylor either but you have to put yourself in his shoes. He's surrounded by people who are paid not to understand Bitcoin, nor money even for that matter. Bitcoin has to become to become a SOV first and the rest should happen naturally due to incentives. Real estate being a SOV is something everyone understands so comparing Bitcoin to real estate I think is an easier sell to the normies.

And I agree with you NVK. Not everyone will be able to self custody nor will they want to. And Bitcoin replacing the central banks alone would be a massive step in the right direction for humanity. And I think that thanks to the Internet Bitcoin adoption will go much faster than historical norms, unless the majority fall for the CBDCs, so I think we might actually see Boomers buying groceries with sats one day and they're not gonna use Phoenix or Zeus or anything like that.

I think one of the most important features of Bitcoin that doesn't get talked about enough is that L2 doesn't require a completely separate currency like gold and bonds do. This combined with a fully transparent base layer and some competition makes rehypothecation and other fuckery much more difficult and hopefully even deincentivizes it. Plus the speed and scale we can communicate with each other now showed us last spring how much faster a good ol' fashioned bank run can go lol! "All your models are broken"