The way I see future world of Bitcoin:
Small minority of wealthy self sovereign Bitcoiner's.
Cambrian explosion of fintech innovation with a variety of banking/trust models. Majority of world populace will use the most convenient services, most likely custodial, but they will utilize some version of ecash.
Forward looking and ambitious world leaders will drive adoption in their countries, while the incumbent powers will be slower to adopt.
Some may even try to completely stamp out adoption, but Bitcoin will eventually win due to the desire of the populace to use it.
Weaker fiats will die as they are consumed by stronger currencies, mainly USD. USD will eventually be abandoned as the global currency and USTs as the global reserve asset and both will be replaced by Bitcoin.
These will likely take a generation or more to play out, but this is the rough sketch of my vision of the future. Will be a chaotic ride, but I think we will pull through (barring nuclear war or some other apocalyptic catastrophe).
MCBitcoin
npub1nn…s6ml9
2024-07-02 19:22:57
Author Public Key
npub1nny7hs59xvcq7nuwm50uy8zel9j4evwrkspqlc9408490e3mn5rs7s6ml9Published at
2024-07-02 19:22:57Event JSON
{
"id": "101212c55a4416293e4a28dcd39fe8fe202469ce6e1e503cff8a5178bec44b88",
"pubkey": "9cc9ebc28533300f4f8edd1fc21c59f9655cb1c3b4020fe0b579ea57e63b9d07",
"created_at": 1719948177,
"kind": 1,
"tags": [],
"content": "The way I see future world of Bitcoin:\n\nSmall minority of wealthy self sovereign Bitcoiner's. \n\nCambrian explosion of fintech innovation with a variety of banking/trust models. Majority of world populace will use the most convenient services, most likely custodial, but they will utilize some version of ecash.\n\nForward looking and ambitious world leaders will drive adoption in their countries, while the incumbent powers will be slower to adopt.\nSome may even try to completely stamp out adoption, but Bitcoin will eventually win due to the desire of the populace to use it.\n\nWeaker fiats will die as they are consumed by stronger currencies, mainly USD. USD will eventually be abandoned as the global currency and USTs as the global reserve asset and both will be replaced by Bitcoin.\n\nThese will likely take a generation or more to play out, but this is the rough sketch of my vision of the future. Will be a chaotic ride, but I think we will pull through (barring nuclear war or some other apocalyptic catastrophe).\n",
"sig": "22ecfd806284b898b7da760e31d0b43d55329f82ef2d2eea5c1b09be69045f6201d678ea390a7406b459acb253efbc6a4105c43f25a56f870ce9669db4df1a6e"
}