How long will it take until the first come out of their holes and start complaining because paying a coffee with Bitcoin is becoming too expensive.
I think Trace Mayer is asking the right questions: Why do we hire Bitcoin?
There are two economically reasons why people hire Bitcoin:
1.Monetary soreignty
2.Censorship resistance
I recommend to watch this video if you haven't seen it already!
https://www.youtube.com/watch?v=uHXfEJD6DUkShort but very important quote from the video:
For example, I was having dinner with Dr. Adam Back, Gavin Andresen and Greg Maxwell. I brought this point up, "Why do we hire Bitcoin?". And both Greg Maxwell and Adam Back said, "Monetary sovereignty". Gavin said, "Because when I make a payment, I feel good"