How many people are left without crypto? How do you envision this scenario playing out?
> In late phases of the transition, there will be very few people willing to trade crypto for fiat.
Given that supply is limited, how do people transition sustainably? If the supply is only hodlers, they obviously don’t want fiat. Why is anyone exchanging for fiat once the transition is certain?
> But the truth is that all desirable possessions are this way
But currency is a tool, not a “desirable possession”. It shouldn’t be limited to niches of the real world population. Not everybody needs beach front property, but they do need money.
> I hope for the former and fear for the latter.
As one prepares for this future, what is the expected usable value of the coin they are hodling? How do you know if you have enough for when fiat is worthless? Should one own a full Bitcoin? More? Less?