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The New Bitcoin-Dollar System (Bad News)odysee.com/@TraderUniversity:a/the-new-bitcoin-dollar-system-%28bad-news%29:1?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq
451 sats \ 13 comments \ @Undisciplined 31 Jul bitcoin
From Matthew Kratter's Bitcoin University

Video Description

In this video, I discuss Mark Goodwin's thesis about the Bitcoin-Dollar System, which is a theory that Bitcoin adoption by the US government will be rolled out in such a way that helps to preserve US dollar hegemony, while encouraging people to continue to buy and hold US Treasuries via USD stablecoins.
Tether has become a key player in this game, and has positioned itself as the US government compliant stablecoin provider, enforcing OFAC-sanctions and onboarding the FBI and Secret Service.
Tether is now investing in spy satellites, along with Howard Lutnick who runs Cantor Fitzgerald, which is Tether's main custodian for its holdings of US Treasuries.
Meanwhile, Senators Gillibrand and Lummis have put language into their stablecoin bill that will make algorithmic stablecoins illegal in the US, thus ensuring that Tether and other companies that buy massive amounts of US government debt will continue to take market share and help to fund the US federal government.
I'm here for global Bitcoin adoption, not to support projects that further US dollar hegemony and help to finance an out-of-control US federal government.
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100 sats \ 0 replies \ @DarthCoin 31 Jul
IGNORE ALL POLITICIANS SAY OR DO. I LEARNED THIS LESSON SURVIVING 20 YEARS OF COMMUNIST REGIME. FUCK'EMA'LL
I will always say this:
https://i.postimg.cc/zX2ZDQD1/vader-sovereign-adoption.jpg
who doesn't still understand this meme, I am happy to explain it or ... FUCK OFF
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42 sats \ 9 replies \ @grayruby 31 Jul
I understand the position and I am amenable to it but Bitcoin is a free and open network/asset. Expecting the governments and big banks not to use it for their benefit because we don't like them is a bit naïve.
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32 sats \ 4 replies \ @DarthCoin 31 Jul
I will repeat this over and over until people will understand it:
https://i.postimg.cc/XqjKHdcp/Darth-sovereign-logo.gif
Bitcoin and the state are 2 opposite things. Govs / states CANNOT USE/HOLD BTC. It will destroy them in the end.
Bitcoin is not for the weak, only for the brave.
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42 sats \ 3 replies \ @grayruby 31 Jul
How do you propose to ban countries from using Bitcoin?
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31 sats \ 2 replies \ @DarthCoin 31 Jul
simply stop using fiat fiat = debt = how states survive FUCK'EM'ALL if you really want freedom EVERY time you use fiat YOU SUPPORT THE STATE and slavery.
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42 sats \ 1 reply \ @grayruby 31 Jul
Ok that's great. That starves the beast but that doesn't stop the state from using Bitcoin.
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11 sats \ 0 replies \ @DarthCoin 31 Jul
Who will stop the state? YOU! So fucking stop supporting the state, stop supporting fiat system.
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50 sats \ 3 replies \ @Undisciplined OP 31 Jul
That's true. The meat of his point has to do with requiring stable coins to be backed by US Treasuries. That's a step beyond governments simply using the technology.
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42 sats \ 2 replies \ @grayruby 31 Jul
Yes, I get it, but the government is going to do what is in its best interest and preserving demand for USTs is definitely in its best interest.
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50 sats \ 1 reply \ @Undisciplined OP 31 Jul
Also true, but I think it's fair to describe a bill doing this as "bad news".
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42 sats \ 0 replies \ @grayruby 31 Jul
Absolutely, we don't need to cheer them on.
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42 sats \ 0 replies \ @siggy47 31 Jul
Just watched this. He does a good job of explaining the idea. Goodwin and Whitney Webb go into great detail, which can get confusing. This cideo, like usual for him, is straightforward and basic.
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0 sats \ 0 replies \ @Octopus 31 Jul outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.