People really underestimate what Bitcoin’s win might look like.

Gold’s market cap today is $9T, but it’s a shadow of its historical importance.

A reorientation of the entire modern economy to be digital-gold-backed could increase that number dramatically.
Gold used to be *the* thing, the thing everyone was concerned about, the thing around which the fate of empires revolved, the thing whose scarcity constrained kingdoms & commoners alike, the thing at the center of the world economy.

If we go back to the future on that, it’s big.
Anything close to that of course will involve a tug-of-war between states and the network beyond anything we’ve ever seen.

My confidence is really in the BTC ledger more than the protocol itself. Should the latter have some issue, we can import the ledger into another protocol.
You can follow @balajis.
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