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Bitcoin Standard
Firstly, if you haven't already go and read "The Bitcoin Standard" by Saifedean Ammous, very very interesting. Secondly, just a question, as there's like trillions of dollars, and only 21 million Btc. If we saw mass adoption of btc to the point it was our new currency, or our fiat became backed by btc is 21 million btc currently divisible enough for all of society to use it as their every day money? Or would we need an even smaller denomination than sats? Or would you just own like 0.00000000000015789 sats instead of say $2000 fiat ? And thirdly do you personally believe btc will become our new every day currency one day? I used to think that was a bit far fetched, but this book really makes it seem like that's our only hope otherwise we will follow all other societies that mass produced their currency with no backing and collapse
Firstly, if you haven't already go and read "The Bitcoin Standard" by Saifedean Ammous, very very interesting.
Secondly, just a question, as there's like trillions of dollars, and only 21 million Btc. If we saw mass adoption of btc to the point it was our new currency, or our fiat became backed by btc is 21 million btc currently divisible enough for all of society to use it as their every day money? Or would we need an even smaller denomination than sats? Or would you just own like 0.00000000000015789 sats instead of say $2000 fiat ?
And thirdly do you personally believe btc will become our new every day currency one day? I used to think that was a bit far fetched, but this book really makes it seem like that's our only hope otherwise we will follow all other societies that mass produced their currency with no backing and collapse
