Oddbean

If you don’t understand what he’s saying or why I really can’t help you. Stop being retarded. BTC isn’t a viable MOE in our lifetime & most likely the next. Grow the fuck up. Buh Buh we kill dollar. Buh Buh. Live in the real world. Its better.

Read the thread; I know why he’s saying it. >“BTC isn’t a viable MOE in our lifetime & most likely the next. Grow the fuck up.” This is the equivalent of telling someone in 1993 that there’s no way the internet will disrupt cable tv because the bandwidth won’t be available in our lifetimes or most likely the next. Shortsighted.

Disrupt or replace? You can buy shit with BTC today. Go for it. Not what I meant & I worded it incorrectly with “viable MOE”. My bad. I’m referring to replacing the dollar. BTC as reserve currency. That’s what he’s referring to as well. Last I checked cable tv still exists as well as the internet.

I’ve written plenty of notes on this. I believe the US Empire is going to start dollarising vassal states as a means of spreading inflation and effectively growing the tax base - if you want to be under the US Security umbrella, that will be the price. Because BRICS is going to split off and form its own orbit and BTC will be the wedge between them for nations/people which don’t want to be all in either polarity - that’s just going to eat away at both slowly over time. There is also a chance the US tries to peg the dollar to Bitcoin in its attempts to stop the full collapse of empire. Currently remote but that’s a scenario that more Bitcoiners ought consider - forced hyperbitcoinisation in a way that none of us want it. If you’re arguing BTC won’t be the only MoE on planet earth in our lifetimes or the next - sure. That is an incredibly narrow definition of MoE and isn’t what Saylor is arguing. It’s going to be a widely used MoE within 20 years, just not everywhere. More like how 7/8 of the world never had access to cable tv but now have access to internet streaming - it’s going to skip a bunch of legacy system bullshit in a way that Westerners struggle to appreciate.

Good points. As a Westerner I do struggle mightily with the actual global implications & use. I understand it but don’t live in that world. BRICS changes things a lot. My ultimate argument on Saylor is that he’s saying what needs to be said right now. Come at this with a machine gun & bad things can happen. He’s playing a longer game here.