Oddbean new post about | logout
 A lot of people are excited about #Bitcoin going to the moon, but the ironic thing is that Bitcoin will kick ass the hardest when it levels off relative to assets.  Then you can expect people to denominate prices in Bitcoin, rent in Bitcoin, pay in Bitcoin, offer loans and credit in Bitcoin, make legal agreements in Bitcoin, put everyday prices in Bitcoin.  Bitcoin will become the "stable coins", and the stable coins will be considered the scam-coins that they are (well, I mean, except for the other stable coins, like Gold backed ones)