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5 sats \ 0 replies \ @Solomonsatoshi 3 Feb \ parent \ on: The Hard Problem (of bitcoin) bitcoin
If you want to trade internationally you need your central bank to hold USD.
Then you can use SWIFT, if you are not sanctioned.
Control of and ability to censor the global tade payments system is arguably the most potent US strategic asset.
Bitcoin provides an alternative not just for global trade but for any trade and exchange between any individual anywhere.
Bitcoin challenges the global fiat hegemony of the USD as it provides an alternative.
No wonder the US banks and government have acted so aggressively to capture and control Bitcoin via US institutional custody, tax rules and AML FUD.
Fiat hegemony is the most powerful protocol on the planet and Bitcoin provides an alternative...anyone who cannot see the inherent and potential value is blind, or deliberately avoiding the truth.