An overlooked set of outcomes that would materialize with full #Bitcoin adoption is the loss of exchange rate arbitrage.
Multinationals couldn’t exploit weak currencies to enslave laborers with their stronger fiats.
The number of people immigrating to access better capital units would be drastically reduced.
Trade balances would normalize and countries would be incentivized to produce things of value again.
Is there anything Bitcoin can't fix?
Pretty much takes care of macro. The poor macro bros will be out of work 😂
To orange pill historians I love bringing up how US paid US Panama Canal labor in gold, but Panamanians in …not gold
Strange!
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Exchange AND interest rate arbitrage
Absolutely.
Interest rates set by the market on a digital finite sound money will be the true cost of capital. It’ll crush all the weak ass companies who survive because of easy money.
Winning in the fiat system means importing more goods then we export. Countries like the U.S. do this by exporting a currency not goods. Imagine a world where the most productive countries aren’t winning because they export a weakening currency but because they actually are producing a lot of stuff.
