The "fiat collapse" can only happen, if there are enough people (regular people) using Bitcoin, thus forcing states/institutions to also use Bitcoin.
Majorities of voters (motivated by their incentive to preserve the utility/usability/legality of their Bitcoin holdings) will have to basically force pro-Bitcoin policy.
Otherwise, institutions/states won't be under any pressure to even care about Bitcoin. They'll just happily continue using fiat currencies as a tool to get more leeway for setting policy.
lifeisjustreplication
npub14s…h84lk
2024-11-24 18:09:15
in reply to nevent1q…q5sz
Author Public Key
npub14s5umqdr9rcc8js76w6rf8mf2arsnr8tjwykfld4zfjwsm4m4gnsuh84lkPublished at
2024-11-24 18:09:15Event JSON
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"content": "The \"fiat collapse\" can only happen, if there are enough people (regular people) using Bitcoin, thus forcing states/institutions to also use Bitcoin.\n\nMajorities of voters (motivated by their incentive to preserve the utility/usability/legality of their Bitcoin holdings) will have to basically force pro-Bitcoin policy.\n\nOtherwise, institutions/states won't be under any pressure to even care about Bitcoin. They'll just happily continue using fiat currencies as a tool to get more leeway for setting policy.",
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