Another appreciation even I do not want to do that - The way you provide a real life scenario to explain your logic. That makes everything so relatable and life like.
I was listening to a podcast where experts were explaining the value of BTC as a speculative storage asset that will go parallel with the fiat monetary policy for at least the next two decades. The use of BTC as peer to peer transaction will require stability and that will happen gradually as more users adopt and join. I think you are right in saying that what is happening with Crypto is the rise of the new economic order where economic and financial patterns are significantly different from what we are used to.
Nobody knows what is in store for them in the future but one thing is quite certain that the existing economic structure will change. Whether it will be radically replaced by a new form or whether it will evolved and adapt to include the new economic system is something we will have to watch out for.
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Perhaps it will be the store of value that backs other crypto assets, rather than using it for p2p transatctions directly.
It is going to raise a lot of questions and it is going to be fought over in many ways. No one wants to lose their gains, and there are some people who have a lot of gains to protect.
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Yeah, i agree. BTC seems to be marching towards that trusted asset with monetary intricacies that will act as a reserve as demonstrated by the recent BTC purchases - square and microstrategies. Since there are parties that may lose a lot, this change will be gradual and will take some time. Hopefully, the speculative value will rise so that I can cash out a bit if really needed for the lil one's education 😇 or for a new gadget.
This is such a fascinating conversation and the phenomenon. The more I read about this, the more I am immersed into it.
This is how everyone should feel about the economics of things in general - but instead they make it boring AF so no one pays attention. :)
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