If bitcoin became a globally recognized store of value tomorrow what would happen is:
I think consequences for most people would be pretty awful, except for early holders. If you're a normie, good luck ever getting even 1/10th of a bitcoin.
Whereas if it takes a long, slow time to take off? Like, say just repeating the trend of the last 10 years over again?
We get another 10 years of exposure, growth. The people who benefit are those who believe in sound money, not people who just happened to have money now. Consequences for people on the outside or slower, more spread out. Fewer of the davos crowd make it onto the boat, because they'll remain in denial far longer than ordinary people.
Given that, plus the general notion of 'low time preference', i'm feeling more and more that i'd rather this thing took off slowly. I stopped 'selling' anyone on bitcoin unless they made it clear they were interested in hearing what i had to say.
is there some aspect to this that i'm missing?
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