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Toby McMann
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Bitcoin enthusiast | Nostr only Nosce te ipsum
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Toby McMann 1 week ago
Boomers worship Saylor, and love "digital credit" (read 11.5% APR). Younger generations love self custody and Bitcoin as freedom tech. The future is clear.
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Toby McMann 1 month ago
It feels like we are still a 3-10 years away from the next leg up in bitcoin adoption. It takes time for global trust to erode, and current networks to fail. The "gradually" (ahead of "suddenly") can take much, much longer than people think. But everything keeps moving in the direction of bitcoin. Namely, global trust is eroding, more and more, every day and month. Extreme politics. Inflation. Plummeting quality of life. It all rips people's trust, and it is only going in one direction. Gold is having its moment. But physical gold is for institutions and the ultra rich. Acquisition and custody is too cumbersome otherwise, and it is a terrible medium of exchange. Obtaining and custodying physical metal is too hard for the lower classes, who are hit hardest and where societal change starts and grows. And, if there is a big market crash or failure or collapse of trust in financial institutions, folks will be increasingly fearful of custodial solutions. The other favorable trend is technology, and the younger generations comfort with the same. Again, all roads lead to bitcoin -- so long as the network stays secure and decentralized (the foundations of trust), and the world keeps trading away from the control of central institutions.