20 sats \ 0 replies \ @jtwoodhouse 5 Jan \ on: What does credit and lending look like to you under a Bitcoin standard? bitcoin
The balance sheet becomes this:
Bitcoin = Assets
Dollars = Liabilities
Lock up bitcoin on some L2 protocol and mint stablecoins on a timelock contract. Bitcoin becomes the world reserve asset. The dollar remains the world reserve currency, but increasingly outside U.S. control. Best of both worlds.