GrumpyGardener on Nostr: So, Bitcoin may not make it. Unless people actually use it as money, it will never ...

So, Bitcoin may not make it.

Unless people actually use it as money, it will never replace the dollar as the reserve currency.

Stablecoin is filling the void that should've been lightning.

Saylor convinced the world that it should be stored like gold and borrowed against. It's a fiat minded play. He evidently sees it as just another asset, similar to owning all of the world's oil. Not as a financial system unto itself.

He wants to borrow against it, but that system kills the ethos of Bitcoin. Without the ethos, it's just new tech. If it's just new tech, then it's natural to upgrade and transform.

But that's a 180 from the white paper, which is a peer to peer, permissionless payment system.
If you're not using it as money, then distribution becomes a problem. People can't spend Bitcoin they don't have and they become reliant on gatekeepers to hop rails between fiat and Bitcoin.
With that worldview, fiat remains king and bitcoin/lightning are just visa/mastercard. That's not very innovative at all.

If Bitcoin is the answer to the problem that is fiat,, then it needs to be used as money. Not horded waiting for the number go up.

If bitcoiners are leaving Sodom and Gamorrah, then we need to leave fiat behind and not look back like Lot's wife.

Tell me where I'm wrong.