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by I_DRINK_KOOLAID 1509 days ago
> Bitcoin alone is "worth" perhaps a trillion dollars, while M1 is around 20 trillion.

You can't compare the liquidity of M1 with the liquidity of BTC. M1 USD is accepted everywhere, ranging from a 300M apartment on NYC's Billionaire's Row to a banana stand in Madagascar.

If you believe that BTC would get to that level of acceptance then it's still the early days.

Honestly after looking under the hood the technical part of it seems like a solution on search for a problem, unless the problem you aim to solve is wealth redistribution with the same GINI index (or even higher given the concetration of wealth in the ecosystem).

Similarly the social aspect of decentralization is a really hard sell when you have Satoshi sitting on 30B and Buterin sitting on 15B and they hold so much power.