Oddbean new post about login | logout Good luck when your non kyc bitcoins will worth millions but you cannot buy anything worth more than a few hubdred with it. No big house, no nice car, at best you can buy some foods and electronics and maybe spend them during holiday but it's not life changing.
What
Do you think that the banks and government will let you buy a 1 millions house when you declared a fortune of 10'000 USD for the last 10 years without coming back for your money?
Lol I never had a big house or a nice car, and I've been okay with that for ages, the bitcoin I have has been life-changing for me! Also, why would I want to spend my Bitcoin on those things if fiat is still around? i'd rather leverage the devaluing currency for the big purchase in any case? And If bitcoin does monetise into the multi-trillion dollar range, there will always be someone willing to do a direct deal