Money is what people believe it is. It’s a shared delusion much like the State that people tacitly accept when everything is fine.
Bankruns are going to make a lot of people question that shared delusion. More people are going to accept our shared delusion and as a result Bitcoin will grow.
This is going one way, the rugged adopting the unruggable. Sure confidence can be shaken but bitcoin looks infinitely better than fiat and it’s hard to see that changing with how broken fiat is.
stacksatsio / StackSats.IO
npub10j…lvcrd
2023-03-13 06:49:38
in reply to nevent1q…0lg2
Author Public Key
npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrdPublished at
2023-03-13 06:49:38Event JSON
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"content": "Money is what people believe it is. It’s a shared delusion much like the State that people tacitly accept when everything is fine. \n\nBankruns are going to make a lot of people question that shared delusion. More people are going to accept our shared delusion and as a result Bitcoin will grow. \n\nThis is going one way, the rugged adopting the unruggable. Sure confidence can be shaken but bitcoin looks infinitely better than fiat and it’s hard to see that changing with how broken fiat is.",
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