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@ Guy Swann
2025-02-14 21:11:50
It will not happen in the same way, the scaling/value problem of Bitcoin is inverse to the scaling/value problem of gold.
And it remaining an open permissionless network makes it such that there will never be a time in which any and all payment solutions cannot be built and tested. It is axiomatically more important that it remain open and permissionless because nobody, not any shitcoin, nor bitcoin, nor VISA, NOBODY has yet to solve the "sovereign global payments for everybody in the world" problem yet. It is critical beyond anything else that an open, trustless, robust monetary network exists in order to build solutions to that problem.
In other words:
you are right in a sense, but I do not see that as our trajectory and a bunch of people wanting to buy and hold it isn't getting in the way of anything.