How would the US pay it's debt then? That's why I don't think they will do everything possible to avoid it. The government needs inflation.
True. But if the government leveraged its strong currency, it could get out of the stupid situation it has put itself in.
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You know the cliche. Bitcoin fixes this.
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This cliche, it is an interesting conundrum. Can you imagine if every country held bitcoin, what it would do to the currency? When do you think the seizures will start?
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Self custody
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People did self custody with gold, too. Look what happened back then. Even with self custody, they have records.
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Big differences. Non kyc bitcoin, LN, memorize your seeds. Bitcoin is much better than gold.
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I dont doubt that bitcoin is better than gold. But if the government wants something, they will get it. Even if you have memorized the seed.
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I do agree it could get ugly.