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Thomas
@aviationdoctor.eth
I wonder what share of BTC hodlers are: - maxis who since COVID became super gleeful about monetary debasement (to the point of welcoming it) in the hope that they’ll be the only economic winners - doom-and-gloom survivalists who always expected runaway inflation and have now embraced BTC because of that
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agusti
@bleu.eth
btc is just the mother of all crypto, i dont hold any but i can't see why it won't stay top 1 for long (storing wealth digitally wise) eth has a long way to real mainstream adoption to move the needle with smart contracts demand
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Thomas
@aviationdoctor.eth
BTC only pivoted to that digital gold / SoV narrative late in life, though. For the longest time it was simply meant to be P2P electronic cash (though QE-driven inflation hedging was always an undertone, hence the “Chancellor on brink of second bailout for banks”)
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TheModestThief🎩
@thief
that pivot must have been already somewhere in 2017/2018? I remember early in my crypto days it was already framed as digital SOV
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Thomas
@aviationdoctor.eth
Yep, from 2014 already none of the early legit merchants accepted BTC anymore. And the block size civil war in 2015 + SegWit / Lightning pushed away many of the OGs who swore by the Satoshi WP, leading to ossification and the current meta
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agusti
@bleu.eth
is a satoshi comeback out ofthe table? I saw some graph showing hiswallets are worth billions of btc etc... how certain we aren't its just not the US govt/cia making the new system (self-cannabalization) apple steve jobs style
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Thomas
@aviationdoctor.eth
Most everyone agrees that Satoshi is either dead or moved on for good (whether they’re a group or an individual)… and therefore if any of Satoshi’s BTC ~1M (worth USD ~60B) moved, it would likely collapse the BTC price hard (and every other crypto with it). I prefer not to entertain the thought 😅
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agusti
@bleu.eth
lmao sounds good lets forget about it and if it ever happens we'll see but uncharted territory I guess, so it's like -burned- on everyone's mind
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