I agree. I personally believe we'll probably get there... eventually. What a world that would be.

Friend we're seeing it. This is a truly remarkable period of change... everything is changing that's why it is so shocking and why I made this post.

See the WSJ today (a 'traditional conservative' newspaper...) everything is changing and nothing is off the table especially Bitcoin.

"Trump’s Old World Order: Does he want deals with Russia and China to carve up the planet? He should tell Americans." https://www.wsj.com/opinion/trumps-brave-old-world-foreign-policy-ukraine-blow-up-china-russia-trade-allies-7e32b02a?mod=hp_opin_pos_1

What's crazier is how everything is changing, everyone can see it and still Mr. Trump's suggestion is to create a 'crypto reserve' which could easily, eventually take value and control away from the US dollar network.

Bitcoin is obviously quite valuable, individuals can hold it, send it, and receive it globally in very short order, and it cannot be remotely confiscated or easily censored. And the US is 'promoting' it while threatening 'the BRCIS'. How does that make sense.

I agree with what you wrote... except for this part - "China has used its natural advantages- size and scale and (near) unity of cultural identity- as the west employed immigration to boost consumption it also diluted its cultural identity and sense of purpose."

I don't think it's about 'cultural identity' or purpose I think it's much, much simpler than that. I don't really think it's about immigration either... but simply laziness.

People get complacent. They want to blame 'foreigners'. They want to blame 'outsiders' and 'other countries' and 'other people' instead of taking responsibility for themselves. We have done that in the United States big time in my opinion... and imo Mr Trump gives many Americans the perfect excuse and avenue for 'who to blame'.

Meanwhile our public education system (in the US) isn't great, young people can't read, can't do math, and there is too much emphasis on pop-celebrity-nonsense instead of education and it shows. If half or more of 14-year-olds 'can't read good' how can the US be a serious global leader?

As far as 'the West' goes... it's not monolithic. Calling 'the West' one singular block as opposed to 'the East' is too big of a generalization. The US economy is very different from the European one, and within the EU cultures vary greatly (like northern Europe from southern Europe) so it's not all the same.

I would like to see some more coverage with regards to China's alternative to Swift... I haven't heard of it or read about it anywhere although I guess it does exist?

Regardless I don't think it can replace Bitcoin. Bitcoin has a shot to be decentralized-enough and Proof-of-Work enough to provide value settlement and storage for almost anyone over extended time periods.... under adverse circumstances and no CBDC can do that.

I hope that, finally, the insider trading of this administration, if it's true and it's the case, will be brought to light.

They think crypto is a joke and they don't take it seriously.

When in general it's completely transparent

rug the entire world

exactly

The SEC is an executive agency. It is under the office of the president, is it not?

So Trump can just tell them 'don't investigate' and they won't. Or fire anyone who isn't loyal, right?

In addition, Trump could just... pardon anyone he wants to. The republicans and his maga-supporters won't care, he can just make up any narrative he wants and any opposing facts are 'fake news'.

Why can't people see this?

Isn't this insider trading?

yup

You guys will get exactly what you voted for

A lot of stackers here voted for him (to 'own the libs' of course)

to 'stop the dei' to 'end the fed' and to 'drain the swamp'

now we were get a 'strategic reserve' full of shipcoins. People get exactly what they deserve

The quality of the conversation/posts, in my opinion, used to be higher. I blame cowboy credits for some of it...

The rest unfortunately I blame on 'some folks' here who... somehow cannot come to terms and admit that Mr. Trump is a terrible president and slows Bitcoin adoption overall.

What is this?

Well it's not the United States

If by 'children' you mean trump and vance. Zelensky acted like an adult, at least as far as the news reports showed.

If a burglar broke into your house repeatedly (after promising not to) raped your women and family, shot your dog, and threatened to kick you out of your 'own home' "for your own good" because "you started the war"...

What would you do? Because that is basically the Ukraine situation right now.

How on Earth do we replace 'the IRS' with tariffs? The math absolutely doesn't add up and where did people possibly get these weird notions?

IIRC import duties (import 'tariffs') would need to be around... 300% to make the math work. At which point there would practically be no imports except for things that can't possibly be made in the US.

So with no imports, there are no 'taxes paid' because the trade volume is so much less there's no revenue.

And if things 'are' imported (because they're no available domestically) they are like... 4x the price of before. Who does this help?

Furthermore, replacing income taxes with 'consumption taxes' is wildly regressive. I mean I GUESS if the American people vote for it then OK... but it's essentially saying 'hey if you have a large income your income taxes go down A LOT'.

But if your income is small... your 'income tax' stays the same but your taxes for purchases (sales) go up probably a lot.

Are people really going to support that if they understand it? And if they 'don't' support that and they vote for it anyway... is that ethical?

Can't stop it. If people want lightning dollars... and it otherwise doesn't effect the operation of the network then so be it.

Dollars lose value every year, by design. Bitcoin doesn't and that is the difference.

It's not just network effects, it's decentalization and proof of work. Are any of the memecoins, in fact 99.9% of 'crypto' coins, proof of work?

No.

Do they have any energy requirements for operating or 'creating new coins'? No.

Why people can't understand this or contemplate it... is beyond me.

It's the thing imo that sets bitcoin apart from well... everything. And the 'other' PoW coins are down 99% in hashrate and value from Bitcoin.

Everything else goes to zero. Now I'm not that smart and I'm obviously a noob, but even I can see that.

Why can't everyone else?

A memecoin was willed into existence, by the billions, with the click of a mouse. Why should I buy something that literally cost no energy or natural resources to create it is a stupid scam.

i don't see how it is even enforcable

wow