Every time I listen to Michael Saylor saying that the dollar will co-exist with a Bitcoin standard, I shake my head, thinking he's probably just doesn't want to upset the guys at the top, legislators, politicians, those who hold power through the US dollar... So we can buy more time until the Bitcoin standard takes place.
If I can get paid in bitcoin, purchase bitcoin, and save in bitcoin, why would I ever want to use the USD? What purpose would it serve to bring in a third party and create more friction with extra fees?
But last night I think I finally understood why he is saying that, and the conclusion got me to believe that a real Bitcoin standard will take decades.
Roughly 80% of the population are people who comply.
They follow the rules, they don't want to be singled out. They have comfort in doing what the talking heads on television and media are telling them to do.
They "behave".
They wear masks, they take vaccines, they buy products that they don't really need, they invest in a pyramid-schemed pension plan, they work in meaningless jobs that produce no value, etc...
When the time comes, and the fiat ponzi will collapse, they will start using CBDCs, and not Bitcoin.
Not because CBDCs are better, or because they are free, but because it is what "official representatives" will tell them to do.
Such as in the Milgram experiment. When an "official" figure orders people to do something, 65% of the population will do it even under harsh consequences, until there's no more orders left.
The fiat generation has been indoctrinated to follow the fiat mechanism and comply since it has been born. It is where they feel safe. They ARE the fiat system. Without them fiat will have absolutely no power and the USD will be none-existent by now.
The fiat rulers use the fiat generation to extract power, through coercion, confiscation, and inflation.
As long as the fiat generation keeps on generating some kind of value, their masters will still have a source of energy to siphon so they can continue to influence the world.
It is only when this generation stops generating enough value, that the entire thing will totally collapse. Kind of like a necromancer controlling a horde of zombies.
This can take 20-30 years until the newer generation (which most probably will be inclined to using a more free and superior form of digital money) takes the majority of value production in the world economies and naturally introduces a true Bitcoin standard.
In these 30 years the fiat generation and its rulers will experience the decline of its power while the Bitcoin sound-money generation gets stronger over time. These could be violent times since the fiat rulers are prone to violence and force exertion in order to get what they want. They will gladly send their own zombies as cannon-fodder and blame the enemy for their death. They are the war-mongers of history.
Bitcoin is a generational investment. It is not a get-rich-quick scheme.
Good things do not come easy.
"If you want to get the gold, you must first slay the dragon" - Jordan Peterson
This is just a thought,
could be true, could be fallacy,
good luck out there
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