GM.
Fuck fiat adoption.
It's better to grow on bitcoin rails than watch the misallocated world contort itself to Bitcoin's law.
All the upside calcs for Bitcoin's price are zero sum. It's supposed to be 'done' when enough %'s of the fiat world hold it on balance sheets.
The potential for Bitcoin is far greater than the dung pile it is being germinated in.
Denied areas of the economy, and entirely new economies will far exceed in value, what can be salvaged from fiat economies. And now we have a unit to calculate real ROI's.
The cost of capital is 200% a year in base money.
Oddbean new post about login | logout