Oddbean new post about | logout
 Right now many people sell their bitcoin because they want more dollars.  Eventually, I think we won’t “sell” our bitcoin just like now we don’t think of selling our dollars.  We’ll give the plumber our bitcoin for the work he’s done because that is the only currency he’ll accept for his work.  If you want bitcoin you’ll have to earn it by providing goods and services.  If you want goods and services from others, you’re gonna have to spend some of your bitcoin to get it. 
 Ok thanks.

Yea I tend to agree.

Albeit not 100% adoption will be the case.

We will still have fiat slaves, or more aptly CBDC slaves by that time.

Another proof of work coin I’ve mined a little bit of is Kaspa $KAS which aims to be “digital silver” to #bitcoin ‘s “digital gold”.

They use a “blockdag” structure instead of a “chain” which allows them to process transactions much faster.

I know in a few Western Africa countries it is being used as currency already, just like you explained