{"type":"rich","version":"1.0","title":"Deleted Account wrote","author_name":"Deleted Account (npub18e…vq0nt)","author_url":"https://yabu.me/npub18etxca0hn8k0hgqwcgl67af5m3nfyz0k7ra8g4utwzw9ldepdx4q6vq0nt","provider_name":"njump","provider_url":"https://yabu.me","html":"IMO these are just anticipated road blocks anyone could have thought about years ago. \n\nBRICS even in best case hold as much physical gold as the EU for example. Would you therefore say if the EU inflates and reevaluated their gold, bitcoin would therefore become irrelevant? Quite the opposite. \n\nJust let these numbers sink in:\n—-\nThe overall global payments industry revenue was approximately $3.3 trillion in 2023, reflecting the scale of transaction fees, infrastructure, compliance, and processing costs combined. \n\nCross-border payment costs are notably high, with average fees ranging from 1% to over 5% of transaction value depending on the corridor and payment type, contributing a large share to total industry expense. \n—-\nSure gold won’t lose all its value over night to btc. But the fact that especially BRICS aren’t aligned yet in a single market and currency, and have to rely on neutral gold vaults is the perfect example. \n\nAnd what is it with the obsession with “you have to spend your btc and others have to accept it”?\nIn hyper inflation states you want to spend the inflating money as fast as possible and hold on to the appreciating one for later. Doesn’t mean you CAN’T spend it but why would you. \n\nThe invention of the internet took more than 40 years to add about 2 trillion to global GDP. That was in 2010. Today it’s about 16 trillion and still just 3.4%\n\nUntil 2010 this was basically just Emails on steroids. Look what then happened. \n\nAnd when you think about a future integrated with AI gold vaults and 2% margins for payment systems won’t be profitable. \nnostr:nevent1qqsg6uurjfwsedrnxg7dlsjzdsu09v9zmu53gcnxgyw3nrt6znpzpfspzemhxue69uhkummnw3ezu6rfve5hx6pwdaexw0kcn8c"}