The USA is more than able to compete against China in any market of its interest. That's not the problem, the problem is much, much darker: tariffs are the confession from the US government that it's unwilling to revert the socialist burden it has drowned its own industry into, in order to maintain the privileged status of the governmental caste. Ironically, Chinese efficiency is putting the US caste against the ropes, pressing for it to become a freer country. Once that happens, China itself is next. Accelerationism is real.

Exactly. No one can, so the only victims are US workers, for you can't take the compromise of a new salary contract if you can't tell if the good you're importing to get that new line going will become forbidden or unaffordable tomorrow beyond appeal. Thousands of high-end job positions where instantly lost due to this, and the effect is already affecting the general workforce as the recent statistics scandal very predictably revealed.

As with inflation, it can take from 6 months up to a year for the effects to be felt generally. People who receive the imported products first have been impacted instantly, both by price increments and perhaps more importantly by incertitude, which immediately got entrepreneurial sidequests shut down, which translates into less job opportunities and so on. All of those effects will take up to a year to be felt by the general public, if not removed previously. However, the trauma of the whimsical back-and-forth from Trump is causing severe damage indirectly due to increasing incertitude on what he will be doing next. Even a bad plan is not that bad if it's at least consistent, that is, it's much less damaging to persist with tariffs increments steadily and predictably with time, instead of going on-and-off about it repeatedly and totally at random, especially if you have a hundreds years long hard earned reputation of being an overall stable market.

"He's awaking ..."

Any layer will tend to ossify at some point and require another new layer to improve liquidity. The error consists of thinking that any layer is "the definitive one", when in reality it's a never-ending process. Bitcoin ossified, Lightning is ossifying which will lead to a greater adoption of ecash. The first layer of ecash will ossify at some point and yet another new layer will have to be created on top, and so on. Wherever you try to stop at any specific layer as "the true one" you become a crypto-hamish, taking an arbitrary stand on a false controversy.

Hey, just read about your initiative. Where do it differs from cashu? (if?)

Please and thank you!

So ecash dollars backed by bitcoin still do not exist but are possible. Interesting.

Thank you both @96c0b276a3 and @telcobert for your observations.

@telcobert would you mind to elaborate on the 'issuer risk' detail?

AI slop...

Thank you for bringing this up!

Thank you! :)

Thank you!! Will check them! :)

Please, point me to the project you're referring to :)

The reason I'm leaning toward a cashu-like protocol is that I have been developing a stablecoin protocol, and one of my conclusions is that such a service is unavoidably custodial, by definition.

Thank you for your answer :)

Would you mind to elaborate? I have a protocol for a stablecoin, and I have long been leveraging platforms, increasingly growing convinced that a protocol like cashu is optimal, but unsure on how to proceed.

The blessing and the curse of the US current situation, respectively, is that you're very far from an hyper-inflationary hell but at the same time said distance causes the delusion that all emission and debt can be protracted indefinitely. There's still time to stop, but it must stop, before the Hairline Cracks start appearing...

It tends to be the opposite: the more the wealth, the more the tools to avoid the effects of inflation. The ones that suffer the consequences the most are the poorest, and despite being something they can't ignore for it's blatant and painful, they are absolute unable to even abstract the problem, so the more they're affected, the more easily they fall for lies on what the cause and the solution are.

Hey! Thank you for the mention! :)

:'D

Exactly like that, barter economy became essential. Some barter groups even developed their own internal currency, famously "The Barter Club" in Buenos Aires. It was simply a black and white printed paper, and still stronger than the official currency since it use in closed trusted circles prevented forgery for a long time. When the club expanded, the ability to control emission diminished, and some bad actors started to introduce fake currency. Guess what the result of introduction of unsupported money caused! Inflation. The Buenos Aires "Barter Club" should be a case study.

Probably linked to this account too: https://stacker.news/MaaliMKen