pull down to refresh

It is all very well but Saylors argument ignores the elephant in the room. His wealth, and everyones wealth in fact, is reliant to a significant degree upon the strength and dominance of the nation state in which they live. Nation states use fiat money to expand and project their power. Fiat money has enabled the USA, Saylors nation of residence, to sustain its global resource and protocol hegemony.The most potent global protocol in the possession of the US is the USD and its associated mechanisms such as the SWIFT trade payments protocol. If Saylor believes that his wealth can be stored in Bitcoin and that by doing so he can avoid the consequences of the decline of the USD, he is certainly mistaken. Holding your wealth in Bitcoin directly reduces the ability of the US government to project its power and resist the advances of and challenges coming from adversaries. Yes Bitcoin provisions a superior form of money if looked at from the perspective of an individual and assuming that that individuals wealth and security is not dependent upon to a very large degree upon the citizenship and jurisdiction of that individual, but that is a false assumption.