We will know we made it when manufacturing shops pay their employees in crypto, and the food, clothes, stuff shops accept crypto.
Right now, it is very hard to work outside the old money system. Why is it still so hard?
I remember Jeff Berwick saying something like, i went to this place where people were selling yachts, and the people there didn't want cash, they wanted bitcoin.
Now, that is actually creating the new system.
So, why does everyone talk about selling their bitcoin at the top?
Why do we still have people saying that they will get a loan with bitcoin as the collateral?
Its because, the old system is still dominant.
I wish we had a graph like the bitcoin dominance chart, but for crypto vs old world dominance chart.
Getting the loan on collateral is awesome in another way as well though...
If the interest rate is low enough (which it is in DEFI; sometimes 0%) we get to print out money that's guaranteed to go down in value. Shorting USD seems like a good plan in this environment which is exactly what a loan is.
That is an extremely nice point of view.
If i was sure the old system would hang around a while, i might do that.
But, right now, i am looking forward to trading some XRP for some land.
I hope i can get that to happen without having to sell out of one and buy into the other.
The old system not hanging around is the best outcome.
USD crashes to zero and you owe back zero on the loan.