True but if we are just able to replace the base money with #bitcoin, we would at least be able to restrict the government and they would be punished by their own wrong decisions which will eventually reduce their size.
Right now they can change the rules of the chessboard whenever they want.
You are saying western nations should move in the direction of becoming North Korea. US military has power because US is most free market economy and if you start killing it, you have nothing to feed on.
At the core any form of money has value because of productive people.
To predict the true value of #bitcoin in 10 years from now, you need to ask yourself what’s the value of the internet now.
The fact of the matter is our human brain isn’t capable of predicting something that has an exponential potential to it.
Loved when @NVK during @RabbitHoleRecap said that cycles will continue till fiat dies and volatility will keep on increasing as we move.
Most people aren’t ready for that shit.
What happens to governments on a #bitcoin standard?
If they are unprofitable, they would need to liquidate their bitcoin holdings, which will eventually lead to smaller governments.
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