the circularity of fiat money rests on gold. the fact that credit is blowing out while central banks are accumulating gold tells you something. they are about to rug retail on yet another epic scale like 2007, 1999, 1970, and 1929, being the most famous instances. the same result over and over again. make the money more flexible, and people will push that until it breaks. bitcoin is inflexible. the market still hasn't fully priced that in yet, because bitcoin hasn't been around through one of these liquidation cascades yet. bitcoin will sit there like a dumb rock while the water rushes over it. it's not going to grow, it's not going to move. the smart people will want to go there. it's happening very soon. maybe within 2 years we have another too big to fail situation but this time after they saw how well it worked in cyprus, they will bail in, institute CDBCs and call that a solution. bitcoin is the third option. gold is papered over, bitcoin only has a little paper over it compared to the rigidity and relative proportion of liquid versus hodler holdings. when the money fails, people starve only for want of tokens to trade with each other. lightning is sitting in the wings, waiting for enough people to gather in one circle and use it. in my current environment, i can already see a group that really has just been waiting for someone to plant roots and say "can you pay me in bitcoin?" and then trade with the neighbours. they will see productive people coming to rescue their village from abandonment, and we will say "pay me in bitcoin" and done. before you know it, everyone's got WoS or alby hub and the people who stayed in cash before will prefer to stay in stable sats.