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THE PLAYBOOK SEEMS PRETTY OBVIOUS.

SAY "CBDCS ARE BAD" WHILE USHERING IN A NEW ERA OF CORPORATE USD TOKENS THAT ACCOMPLISH ALL THE SAME DYSTOPIAN GOALS OF CBDCS.

https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/

Fred Johnston 11mo ago

We are over-reacting.

#Bitcoin will win.

The fiat gamblers need an off-ramp to their addiction. Give it to them - shitcoins.

HISTORY shows when the fiat system fails (US$ and Shitcoins are ALL fiat) the hardest money of the time wins (why Gold remained on top for so long - it was the hardest money until now).

Buy Bitcoin daily (NOT the ETFs!). Move to cold storage every few grand. HODL 10+ years. So simple, but not easy.

Also, shitcoins are very well developed worldwide on the US$ shitcoin. Bitcoin L2+ is not as well developed at the shitcoins in US$. So the crypto market is an onramp to Bitcoin. I'm not touching it with a 10 foot pole, but how many of us played with SOME shitcoins in some way before understanding Bitcoin fully? (Answer: most of us)

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Discussion

Sovereign Beef 11mo ago

I tend to agree. I don’t think Lutnick, Bessent and Sachs understand Bitcoin enough to realize what they’re doing. They’re placing a depreciating currency directly next to an exit door to the hardest form of money that’s ever existed. My conclusion is they are either intentionally laying the groundwork for fiat’s demise, unintentionally doing so, or plan to introduce legislation that restricts the free movement from stablecoins into Bitcoin, likely through more punitive taxation.

I tend to think it’s the most former and that they are the accidental architects of fiat’s last, pathetic gasp of air.

The fact they’re all accumulating BTC reserves a small possibility of their intentionality.

Fred Johnston 11mo ago

That's interesting. I was thinking Sachs understand #Bitcoin but you make me wonder.

If Trump 'really' wants a strong USA manufacturing base, then the US$ GRC has to end. It's that simple. And US citizens will have to go back to work (60% of jobs today are unproductive and not needed). I mean 'real' productive work and innovation.

BUT - your post along with this podcast with Grant Williams has me wondering. I don't agree with a LOT of what Grant and his host say here - clearly neither understand Bitcoin but they do understand shitcoins.

Great follow up.

https://podcasts.apple.com/us/podcast/the-grant-williams-podcast/id1508585135?i=1000688999784

Sovereign Beef 11mo ago

I’ve oscillated back towards believing they are skating to where the puck is going to be, rather than where it is. What they do with the taxes around USDT use on Lightning vs BTC use on Lightning will tell us how deeply they understand it.

If the tax laws are equivalent, then they’re either just kids playing with matches - or intentionally trying to burn the old system down.

If they let you spend freely with Lightning USDT but still tax BTC on Lightning, then they understand how much of a threat BTC is to the old system and are trying to keep fiat going as long as possible.