As exciting as it would be to see #Bitcoin become world's money, I am not sure it would be good for people.
On fiat standard people are getting f*cked due to inflation and debasing of currencies. If one day Bitcoin completely replaces fiat, what stops companies to keep reducing monthly salary as the time goes and world population grows. Result would be the same.
Unless we get true saints leading the countries, I think it's better that Bitcoin and fiat co-exist.
As much as nation-wide adoption of Bitcoin is good for #BTC price, it's bad for regulations.
igor / Igor Mihajlovic
npub1l9…p525p
2024-11-13 05:37:59
Author Public Key
npub1l9u4vffnzjafnr6gzvxryjfamp6tanezkegjwky3vjlsnns7l2as9p525pPublished at
2024-11-13 05:37:59Event JSON
{
"id": "b4fc1a1f1f431cb76be5d16f6bb2b36beb3b0e2566f15b5c2b91a38ff7593b0a",
"pubkey": "f97956253314ba998f48130c32493dd874becf22b65127589164bf09ce1efabb",
"created_at": 1731476279,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"BTC"
]
],
"content": "As exciting as it would be to see #Bitcoin become world's money, I am not sure it would be good for people. \n\nOn fiat standard people are getting f*cked due to inflation and debasing of currencies. If one day Bitcoin completely replaces fiat, what stops companies to keep reducing monthly salary as the time goes and world population grows. Result would be the same.\n\nUnless we get true saints leading the countries, I think it's better that Bitcoin and fiat co-exist.\n\nAs much as nation-wide adoption of Bitcoin is good for #BTC price, it's bad for regulations.",
"sig": "e25cb8376bd56e306d682ca1d740366eb8a594c3365b1d258d54fceb82b0a3d249091794b3195f70d69d28bb9e4ba20aa825307c206f36ef91bbcee3014b2a61"
}