pull down to refresh
0 sats \ 3 replies \ @028559d218 5h \ parent \ on: What will governments look like when the world is on a Bitcoin standard? AskSN
Don't take this the wrong way...
But why the **** do you think the national security state created Bitcoin???
The government hates the idea of Bitcoin being a global MoE. They want dollars to be the global standard forever it's what they say every day.
If Bitcoin became the standard (which would take a really long time) interest rates on bonds would skyrocket, debt servicing goes through the roof, and the debt (36 trillion) becomes that much more difficult to repay.
Doesn't the Trump administration want to devalue the dollar??
why the **** do you think the national security state created Bitcoin???
I already explained, the dollar is baggage, not an asset. If we know fiat has an expiration date, [they] knew it long before us.... they're probably reading this now having a laugh. No one alive today implemented the fiat order, operators however are standing by.
Also, the purpose of a thing is what it does, and what Bitcoin does is give the US an off-ramp from the Triffin Dilemma and the inevitable calamity that would result from the debt-based monetary ponzi spiral.
Lastly, since the dumbest people in Bitcoin worship at statues of some anonymous lone-wolf protagonist in a fairytale, in an era of absolute signals intelligence that assures such a thing is impossible, and following decades where the NSA papers and Washington think tanks discussed cryptocurrency scenarios, i'm inclined to take the opposing view.
The government hates the idea of Bitcoin being a global MoE.
Don't take this the wrong way... but that's ducking regarded for a few reasons...
- There is no government monolith, there is a battlefield where various factions fight for leverage over institutions. Globalist banks are an insurgency to nationalists, thus COIN is COunter INsurgency.
want dollars to be the global standard
-
Among fiats, which it is and will be, stablecoins are part of it. All fiats collapse to the dollar as stables drink their milkshake, until its only Bitcoin and the dollar. Global trade in dollars is the worst thing that's ever happened to the US, because it gets exploited through foreign fiats.
-
Satoshi coins are NSA coins, they have at least 20% of the supply off-book.
-
Bitcoin's ledger is more surveilable for state-scale transfers than legacy finance with corrupt and opaque internal bank ledgers and shell companies all over the globe.
interest rates on bonds would skyrocket, debt servicing goes through the roof
Bitcoin exists to soak up the liquidity when that is debt monetized through stables, see Tether, one of the largest buyers of treasuries keeping yield out of the market by storing it in Bitcoin. Bitcoin is already being used to disperse the inflationary effects on real world prices, such that it doesn't directly go into the stock and housing markets thereby destroying price signals and collapsing the currency.
Doesn't the Trump administration want to devalue the dollar??
-
Bessent literally says "Strong dollar policy"
-
Even if so transiently for trade-deficit purposes, that's still only compared to other fiats... the dollar is and will remain the least bad fiat, and quite likely, the final fiat.
reply
You are crazy
Whatever you are smoking I want some no offence
reply
reply