pull down to refresh
the world's reserve currency status of an asset always has to be anchored to the one before it for the transition to happen. the dollar was anchored to gold before it became world's reserve currency. bitcoin is now being anchored to dollar. but it is failing to become world's reserve currency because of the unit bias problem i have clearly explained in the OP.
thanks for accepting that nah might be the solution. but saying nah is "one solution among 1 million other possible ones" is like saying bitcoin is "one solution among 1 million other possible ones".
the best and most secured timechain on planet Earth is the bitcoin timechain. there are only two well-designed tokens on the bitcoin timechain: sat & nah. while sats are still being mined (sat's annual inflation rate is currently 0.8%), nah already achieved 0% inflation at its genesis, and is a better unit of account due to its circulating supply being carefully chosen at 85.3 trillion.
"premature"? "benefit only a few people"? less than 10% of world's population own any sat, so the same logic can be said by no-coiner towards sat. "mSats"? most bitcoiners haven't heard of it. "40 years down the road"? i am not gonna wait that long for hyperbitcoinization.
you should re-read my OP. the adoption of nah•sovereign•diamond will lead to not only immediate hyperbitcoinization but also the mass production of lithium-sulfur batteries which will further decentralize bitcoin mining (and make affordable electric vehicles a reality for everyone while we're at it).
This is so braindead.
Everything is simply supply and demand. Prices move to meet that.
The reason you're having such a hard time with it, is because you keep anchoring to dollars.
Additionally, most Bitcoiners are of the opinion that Bitcoin is base-layer money. Not meant to be used for daily purchases. They reluctantly admit that a fiat-like instrument will have to be used at the 3rd/4th layers where the average person is spending daily. Sats will be used to settle global trade, much like how Fedwire works today.
In otherwords, Bitcoin brings back something that looks like the old free-banking world. This gets us 80% of what Satoshi originally set out to accomplish.
Under such a framework, something like "nah" might be the solution. But it's one solution among 1 million other possible ones. It's premature, and it seems to benefit a few people if adoption of it actually does happen. So, that's a red-flag. More than likely, mSats will do the job. Or some other layer 2/3 solution 40 years down the road. Your claims that "nah" is the only way is incredibly silly.