0 sats \ 3 replies \ @028559d218 OP 3h \ parent \ on: Be careful what you wish for: Bitcoinization can and will have huge implications bitcoin
without going into every point...
tax cuts to an extent increase revenue. but only to a point.
i disagree that reducing trade with others, ie selling more stuff rather than buying it, will ultimately make the US more wealthy. money goes where it can be most efficient, and production of goods should be the same way
bitcoin is based on this same idea... it is global money that is everywhere all at once that knows no borders. earn it in one place, spend it in another that is one reason it is so great
US more wealthy
"Stuff" isn't wealth, the ability to make stuff is. The means of production.
most efficient
And the globalist agenda manipulating supply chains with Cantillon impunity is extremely inefficient, producing things where they are consumed is a huge leap forward in efficiency and will dramatically reduce costs beyond the effects of being far saner policy than taxing productivity like is done now
Bitcoin
I think it was Erik Prince who recently pointed out why Bitcoin was needed for this because the dollar hegemon made trade partners have to try taking advantage of us, that will no longer be the case on a global Bitcoin standard
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with all due respect... I completely disagree.
Bitcoin is the greatest example of free trade there ever was.
There is a reason most people don't 'mine at home' or companies don't mine in high-electricity-cost areas. it's not efficient.
It would be like saying... you have to use Bitcoin where it's mined. that's not the way Bitcoin works. It can be mined 'anywhere' in essentially any quantities... and then used anywhere the user wants - usually where the value for purchases is the greatest.
I respectfully disagree with the idea that production that is 'local' is more efficient. efficiency is global trade where some groups are better than others specializing Bitcoin is no different.
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Not sure what you're getting at, Bitcoin isn't a good in the import sense... It's numeraire
Taking a bad comparison to goods however, given it's use is storage and transport of energy then it's already produced where it's used
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