Money is a $300 trillion market.
If bitcoin monetary transactions don’t outprice JPEGs in the future, it means Bitcoin never took any meaningful marketshare of money. It failed as money in that scenario.
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First money need get up hand against gold. It’s already won against silver
My point is: it would take decades for Bitcoin to reach its (full) monetary potentisl, since fiat currencies fail gradually across the world.
At the same time it would take only a few years of constant spam for Bitcoin to be abandoned by disillusioned node runners.
It could fail wayyy before it even reaches your $300trillion market cap. The gambler's ruin fallacy
Well said. Don't these jpeg fads come and go anyway, whereas monetary transactions have persisted for Bitcoin's full history.