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0 sats \ 0 replies \ @Solomonsatoshi 13 Apr \ on: A Half-Baked Thesis on Stablecoins bitcoin
The logic is of Bitcoin via LN and stablecoins essentially Trojan Horsing the USD as the dominant monetary system?
Here's an alternative thesis rather less drenched in hopium, and somewhat more acknowledging the role of governments and banks in the wealth of nations.
What if USD hegemony is already in decline, just as its sponsor empire is in decline, close to insolvency, and an alternative global monetary system based upon CBDCs issued by China, Russia, UAE, Thailand, India and Brazil called mBridge is already being developed toward operational capacity?
Trump threatened the BRICS nations with crippling tariffs if they dared to advance their proposals for an alternative to the dollar.
It seems at least China and Russia are no longer intimidated into submission by Trumps bluffs.
Russia is not ending the war in Ukraine.
China is not bowing to the tariffs.
US economy without Chinese supply chains is not viable and would collapse before China would.
mBridge creates the international digital payments rails for the BRICS CBDCs and ends USD hegemony.
Monetary and military networks have always been in alignment...providing mutual reinforcement of each other in times and war and peace.