Hmm.
I have long waited for the crypto apocalypse.
But as of now?
Is not coming. We are about to enter the biggest explosion of shitcoinnery. Lol.
Mark my words. And I hope im wrong.
But the whole world is going to have to get rich and scammed and rugged over and over on the way to understand.
As it has always been.
As well as very very powerful people apeing into to stable coins and the like.
Ingesting times.
Oh. Bitcon is going to melt faces. That too...
I don't think so..we already have 36 mil of them.
What would happen instead is that some would become "oligarchy" coins that would be foisted on populace by the banks and investment firms, starting with some currently known names that were already discussed here.
I am afraid that bitcoin's message could be potentially diluted going forward.
I am keeping bitcoin intact, but would be looking at other opportunities if they come along.
From the look of it, we should expect higher prices on goods in the next 6 years, unless AI would bring in salary destruction on a massive scale.
I am quite interested in T. talking about no tax on income.
This might be because there will be DRASTICALLY less income soon, perhaps, so gov has to find money elsewhere?
So let me flesh it out a little.
1. We are obviously entering a new era where there is a groundswell of Bitcoin/crypto advocacy in various areas of government leadership. From the crypto friendly president. To the Bitcoin investor Veep, as well as the maxi possible head of the HHS, and Lummis, and then down to the states all getting onboard with strategic reserves (I believe Arizona PASSED theirs). Not to mention crazy Elon and whatever he thinks... This is rolling out as a Bitcoin first, but crypto agnostic push that wants to see development all around the "space" (as much as I dislike that word).
2. This obviously is not limited to 'Merica. But when the US is making moves, the rest of the world will too. And smart countries are front-running the US as hard as they possibly can. And it is not limited to nation states... Companies are all taking note of Saylor as he executes his madman "
speculative attack".
3. The money power. Blackrock, Fidelity, etc. Nuff said.
4. BANKS. As the inevitable happens banks are already trying to figure out how to not go the way of Blockbuster (spoiler alert... they are not going to... that is a certainty). When i say Banks I mean Credit Unions, small independent banks, all the way up to BoA, Wells Fargo, and again outside of the US ... HSBC, ING etc. They are realizing that Bitcoin is an important thing, and is not going away. So they are currently diving head first into custody, investments, and
PAYMENTS.
OK... time for an outline shift...
PAYMENTS is it's own thing. And i do not want to hurt the feelings of any single dimensional thinkers here that find the BCASHIAN argument of "read the title of the white paper!" compelling. Even @jack has been saying things like "if we can't use Bitcoin for payments it has failed" from his NOSTR account. And he is slightly right, and terribly wrong. We WILL be using Bitcoin for payments. But as everyone here in the original choir already knows (and if you don't then go back to class)
we will NOT be scaling on the base layer. So... it's going to be a competition of ideas. So far the most established ones are Lightning which is either custodial, or high-friction... Liquid (sleeper in my humble opinion), Chaumian eCash implementations (these trade sovereignty for amazing privacy and other benefits), and ... OK... I know I have to turn in the maxi card I have never claimed to have...
alts. They already exist, and the ones that matter make tradeoffs that most certainly break the real innovation of what Bitcoin does... but...
This is the rub... this is the crux of why I have ended up here.
OK. Wait. Let me step back and make some disclaimer like points.
NOTHING is going to outdo Bitcoin for it's core purpose. And the smart monkeys can already see that. But the development of payment rails is ... imperfect to say the least. Jack Mallers of Strike is nearly the second coming to the "plebs". And he has already implemented stable coins on Strike via Tron. None of the "influencers" like to talk about this very much. They keep muttering platitudes like "stay humble, stack sats" and the like. While one of their anointed is shitcoining on his app all day long.
Why?
Because he HAS to. Because Gresham's/Thiers' law(s). And because of how the world still currently works...
I say HAS to because he is running a business. I BELIEVE he is actually a Bitcoin Maxi. But he is also wise enough to realize (at an early age!! when most of his peers are still hung up in ideals) that there not only NEED to be systems that can bridge us to the eventual singularity of Bitcoin, but it is a ridiculous opportunity for profit to build these bridges.
OK... so back to the BANKS:
4. (again) BANKS are going to do EVERYTHING they can to profit off of this transfer from FIAT to hard money. AND they are about payments... and they are run by greedy humans like you and me. So they are going to try to exploit everything they can to rig things in their favor.
And THAT means shitcoins. At least until overt shitcoinnery destroys one or two of the big ones.
In part because they just do not completely understand why Solana is NOT BITCOIN, and not even close. And also in part because WE (maxis) also do not understand that since Bitcoin cannot do EVERYTHING it is inevitable we will try other things.
Here's the thing. This cannot happen over night. It will be a transition. It's too gigantic to just flip over and suddenly the bankers are jumping out of windows like that song someone posted way back.
Finally.
5. The Powers That Be. As in the Central Banks. They know. They know exactly what time it is. And they are going to use their nearly unfatrhomable power to fight Bitcoin with all they have.
And THAT... means... --sigh-- shitcoinery.
But as I said... Bitcoin is the real thing. We know that, and many others are waking up. So it's going bananas. No doubt. And in the end those who fuck around are going to find out the hard way. AND... ehm... maybe some other useful cryptographic schemes, possibly even involving non-bitcoin tokens emerge to satisfy needs at least in the meantime, and even possibly longer than that.
Nothing is ever black and white. And no one knows the future.
Not all of it at least.
But I am certain of one thing. Bitcoin is the real thing. Some of us old farts might die before we get to see it REALLY blossom... but it's certainly got some momentum right now.
And as odd as it might seem... all the disastrous chaos we are about to see is a part of it.
Smooch.
(I really need to stfu... and I am proud not to have mentioned AI lol))
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