Sovereign country default doesn't matter. Self-sovereign does. #bitcoin
When a country(all countries will) is going to default on its debt, the money they printed is no longer a store of value. Not only the country itself, but also any country with a massive foreign reserve in the currency will suffer.
Sooner or later, people may have solutions to realize the true value of bitcoin. Some interesting business use cases like offering discount for bitcoin payments will become possible. People find it is impossible to "grow" their wealth in sotcks, properties or even bonds/cbdc.
Forget 1-million-dollar per bitcoin. All fiat money will become irrelevant.
Sam L / BTC HK meetup
npub1qd…ensvq
2023-05-03 09:26:56
Author Public Key
npub1qd9frjh3tc7rjqp3m8uzxf2uq9p8mewlym3zl6xmh3zwvj4t90cs7ensvqPublished at
2023-05-03 09:26:56Event JSON
{
"id": "227af8f64b9a12eab06b38346f4e6baea608dd5e592bf4c6369885e726fa94bd",
"pubkey": "034a91caf15e3c390031d9f823255c01427de5df26e22fe8dbbc44e64aab2bf1",
"created_at": 1683106016,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Sovereign country default doesn't matter. Self-sovereign does. #bitcoin \n\nWhen a country(all countries will) is going to default on its debt, the money they printed is no longer a store of value. Not only the country itself, but also any country with a massive foreign reserve in the currency will suffer. \n\nSooner or later, people may have solutions to realize the true value of bitcoin. Some interesting business use cases like offering discount for bitcoin payments will become possible. People find it is impossible to \"grow\" their wealth in sotcks, properties or even bonds/cbdc. \n\nForget 1-million-dollar per bitcoin. All fiat money will become irrelevant.",
"sig": "fe23c071679c148186ed83ff09636b9f943081deb1e866eac5da65946517782b704387b7c781f8f5b52365962b51c1e4717b23e4138711169c3c183da344c1a8"
}