As a Bitcoiner I never wished the success on Bitcoin being the failure of the fiat economy I wanted them to be side by side and BTC slowly picking it off in a process that allowed normies to transition but as you say I don’t think that’s going to happen
The US might be ablaze and have hate in the air but their dollar still gives some people enough time to move over! Like here, we getting inflated into poverty and I can’t move my fiat to BTC fast enough lol
I think that like you said once the bills come due for all the car loans, home loans and student loans this thing goes into the woodchipper
All I can see is them holding off long enough to launch their own CBDC China is close, Canada js also working on one, I think once one pulls the trigger they all will follow
Oh totally. I imagine a Fedcoin is in the works, and in the wings waiting for when FIAT bites the dust. I guess I just feel whiplashed as I didn't expect everything to move so quickly. I am glad I acted early in all of this, but man, this is all crazy! Since I wrote this, I also found out that yet another mountain range closeby is on fire, and that looters are basically just running through town destroying everything they can. Oy vey.
When Steve Manuchie smoochie hired the coinbase guy that set up their stable coin I knew something was up. Oh I can imagine things are going to get nuts even faster people are pissed 1in 3 working Americans unemployed and were used to an income that’s never going to go down well
I guess you’re getting a taste of what it’s like on the daily in Africa, always a madness! I’m waiting for our non-existent recovery to also unravel soon once we can’t service our debt it’s bye bye! I’m just hoarding what I can and prepping myself for the worst