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2026-08-31 02:14:42 UTC
in reply to

gsovereignty on Nostr: It's the rational choice for most people because they depend on the fiat economy, ...

It's the rational choice for most people because they depend on the fiat economy, which means guaranteed offramps are more important than self custody.

The fiat economy produces everything they depend on in their daily lives, while the bitcoin economy produces practically nothing.

Bitcoin is like a nation that is completely dependent on imports because it produces nothing domestically. So even if you pay for something in bitcoin that just creates an upstream sell order for bitcoin.