What is hyperbitcoinization? ⏩
Hyperbitcoinization is a term used to describe a hypothetical scenario in which Bitcoin would become the primary form of currency used worldwide. This would mean that Bitcoin would replace fiat currencies, such as the US dollar, euro, Japanese yen, etc., as a medium of exchange and store of value.
For hyperbitcoinization to occur, it would require massive adoption of Bitcoin, with more and more people, companies, and institutions beginning to use it as a form of payment and store of value. It would also require a significant increase in the processing capacity of Bitcoin's blockchain transactions to handle global demand.
What do you think?
#bitcoin #nostr
Thundersat
npub1nu…jgj4g
2023-03-20 12:44:25
Author Public Key
npub1nu8ftzyzc0vwkuuy3rphcputq6d4xvhzt90gyx4ltccgywtyf2kq3jgj4gPublished at
2023-03-20 12:44:25Event JSON
{
"id": "4cde2002f50403eca881b451e568d020e88a2e83615627d3732931b61bd060e2",
"pubkey": "9f0e958882c3d8eb738488c37c078b069b5332e2595e821abf5e308239644aac",
"created_at": 1679316265,
"kind": 1,
"tags": [],
"content": "What is hyperbitcoinization? ⏩\n\nHyperbitcoinization is a term used to describe a hypothetical scenario in which Bitcoin would become the primary form of currency used worldwide. This would mean that Bitcoin would replace fiat currencies, such as the US dollar, euro, Japanese yen, etc., as a medium of exchange and store of value.\n\nFor hyperbitcoinization to occur, it would require massive adoption of Bitcoin, with more and more people, companies, and institutions beginning to use it as a form of payment and store of value. It would also require a significant increase in the processing capacity of Bitcoin's blockchain transactions to handle global demand.\n\nWhat do you think?\n\n#bitcoin #nostr",
"sig": "f419ddac0aeb393a186a722999e860fc0a24171915ada689203963bf035e557c2bf2e24e5e1d62b11acf8b580ffdcb9fb14ce0c97d1f376a22cd76202c9a1f22"
}