Lots of good bits in here. I highly recommend subscribing and donating. If anyone has a line to L0la, tell her subscribing only sends a weekly summary for some reason.
I haven't read The Bitcoin Dollar:
Trump's comments on stablecoins, CBDCs, and mining "made in USA" seem as though they have been directly plucked from Mark Goodwin's The Bitcoin Dollar, and should give us further insight not just into the former President's potential Bitcoin strategy, but also into how Trump may attempt to increase international dominance in the face of a weak US Dollar – and the consequences this may have for the freedom of people around the world.
The blurb is fire at least:
Money is a technological tool that communicates settlement between parties. The ultimate goal of money is to transmit trust within context, typically over time and over space. The distinction of the need for value settlement between time and space has allowed for a separation between commodity and currency. The dollar has arguably been the closest we have seen to succeeding at both of these tasks until the launch of Bitcoin at the start of 2009. The transitional period we are about to experience is simply the current iteration of an eternal concept of humans and money – an economic monomyth. If this book could have been written without using the words dollar or bitcoin, it would have. Yet an economic system that grows and regulates itself purely by the actions of its participants and not its rulers is a distortion of the status quo. Bitcoin is a state change of money, settlement, and economic policy that takes us out from underneath the poles of the currency and commodity dichotomy.
What’s interesting is we are years ahead of where I thought we would be in terms of political influence at this point but years behind where I thought we would be in terms of adoption.
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50 sats \ 1 reply \ @kepford 29 Jul
Same here. But, this could change on a dime. Let's say the other party wins and starts to crack down. Could swing the other way.
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Both parties want to adopt bitcoin, right?
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31 sats \ 1 reply \ @OT 29 Jul
Yep,
Its too soon. Bitcoin isn't ready TBH
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I think it’s ready to be a store of value and reserve asset.
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Im a bit surprised the politicians are jumping on the bitcoin bandwagon so soon. I thought it would be quite a bit longer before it happened. I guess Trump saw something with potential.
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Agree. I thought they would fight us first.
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It shows the politicians are kind of desperate. Except RFKjr, he has always been talking about btc.
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150 sats \ 1 reply \ @siggy47 28 Jul
The Rage has the exact right take here. Goodwin and Whitney Webb have been making the rounds of the podcasts, if you want a flavor for their Bitcoin Dollar thesis. WBD, TFTC, and a few others. This is a great Whitney Webb article: https://unlimitedhangout.com/2024/07/investigative-reports/the-chain-of-custody-the-mafia-holding-the-elites-bitcoin/
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My main beef with these two is that their solutions are pretty weak. Government isn’t evil it’s the people who run them who become corrupt. Digging up dirt on American corruption is easy. Access to information in America is still open and obtainable. If these two did something like this in China they be dead or missing already.
Could the bitcoin dollar become our worst nightmare sure but it can also allow people to escape financial oppression around the world. Plus these two still haven’t found a solution to stop evil people from doing bad things.
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There is only one power in the world - the power of money
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The Bitcoin Dollar can be reality just like Dollar in Gold Standard. It may be that a country adopts Bitcoin Standard and only circulate the amount of currency that it has in Bitcoin.
But then again , how are we going to decide the value of Bitcoin? 1 sat = 1 sat is I know. Bt in a Bitcoin State run Standard 1 dollar should equal 1 sat.
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This is quite interesting! Though we all talk and know a lot about Bitcoin's superiority, we still lack adoption in two largest countries—india and China. Why are we legging behind? Is it because we're too early? May be the case. But I would love a political transformation much like USA, here in India in the next major elections.
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If this were to happen, if he were to get elected... We would still be behind el salvador for a while. They arre already building while we wait.
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