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The further we transition to crypto, the more people will have the option to be paid in crypto for their jobs. In this way, nobody will be "left without crypto"

The further we transition to crypto, the more people will have the option to be paid in crypto for their jobs. In this way, nobody will be "left without crypto". People with life savings in fiat that refuse to transition will be the clear losers. Sadly, I think it will be elderly that do not understand crypto and have never questioned currency that have the most to lose here. > But currency is a tool, not a “desirable possession”. So people don't desire to possess $1,000,000? This is clearly not a truthful statement.

yunohn 5y ago
It’s very telling that you’re ignoring half of my questions in every response. > People with life savings in fiat that refuse to transition will be the clear losers. Who is forcing them to transition? Is it the government? Why did the government change currencies to crypto, without aiding their citizens? > Sadly, I think it will be elderly that do not understand crypto What about normal people? What price and coin do you suggest I buy, and in what quantity to prepare myself for this future? > So people don't desire to possess $1,000,000? While I don’t deny that people like large numbers on their bank statement, the goal of owning so much currency is to exchange it for products and services. They don’t care if it’s USD or BTC, as long as everyone else accepts the same. What they will care about is when you tell them that you have to exchange fiat for BTC/etc at a volatile price with built-in deflationary mechanisms. Again, you’ve ignored my question about supply and how to sustainably on-ramp the entire world populace into crypto.
- eric_cc 5y ago
  > It’s very telling that you’re ignoring half of my questions in every response. I've enjoyed this thread but I can only provide it so much time and effort. Hopefully, you will find other sources to help answer your questions. > Who is forcing them to transition? Is it the government? Why did the government change currencies to crypto, without aiding their citizens? Free markets & will-toward-freedom forces the change. In theory, governments could accumulate crypto now and airdrop it to citizens later. > Again, you’ve ignored my question about supply and how to sustainably on-ramp the entire world populace into crypto. There is no such God-like control over this transition. I've clearly stated that I don't believe it will be pretty and equitable. It will be messy and chaotic.

yunohn 5y ago

It’s very telling that you’re ignoring half of my questions in every response. > People with life savings in fiat that refuse to transition will be the clear losers. Who is forcing them to transition? Is it the government? Why did the government change currencies to crypto, without aiding their citizens? > Sadly, I think it will be elderly that do not understand crypto What about normal people? What price and coin do you suggest I buy, and in what quantity to prepare myself for this future? > So people don't desire to possess $1,000,000? While I don’t deny that people like large numbers on their bank statement, the goal of owning so much currency is to exchange it for products and services. They don’t care if it’s USD or BTC, as long as everyone else accepts the same. What they will care about is when you tell them that you have to exchange fiat for BTC/etc at a volatile price with built-in deflationary mechanisms. Again, you’ve ignored my question about supply and how to sustainably on-ramp the entire world populace into crypto.

eric_cc 5y ago
> It’s very telling that you’re ignoring half of my questions in every response. I've enjoyed this thread but I can only provide it so much time and effort. Hopefully, you will find other sources to help answer your questions. > Who is forcing them to transition? Is it the government? Why did the government change currencies to crypto, without aiding their citizens? Free markets & will-toward-freedom forces the change. In theory, governments could accumulate crypto now and airdrop it to citizens later. > Again, you’ve ignored my question about supply and how to sustainably on-ramp the entire world populace into crypto. There is no such God-like control over this transition. I've clearly stated that I don't believe it will be pretty and equitable. It will be messy and chaotic.