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Saifedean posted this video over 2 years ago and I’ve yet to see any notable Bitcoiner refute his hypothesis on a podcast or debate Saifedean about it. Why? Did I miss it?

Would love to see someone like Lyn Alden, James Lavish, Larry Lepard, Parker Lewis, ANYONE talk with Saifedean about this. I think it’s the biggest elephant in the room.

Again, who’s going to buy the bonds?

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BottleTeams 9mo ago

Older article

https://www.investopedia.com/stablecoin-issuer-tether-reports-us-treasury-stash-first-half-of-2024-8686758

18th largest holder of US Treas

The push to get counties into US dollar tokens is a push to keep the bond market solvent.

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Discussion

Toxic Bitcoiner 9mo ago

Right. Tether doesn’t fix the reality that Bitcoin is better money, which causes its reservation demand to continue to outpace that of USD tokens and USD bonds.

BottleTeams 9mo ago

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I think demand of USD tokens will be less than demand for BTC. It's going to get messy at some point. USD tokens allow the govt to extend the life of the dollar a bit longer through native 0% interest rates.

USD tokens and their purchase of USTreas specifically Tether is the biggest story in tradfi nobody talks about.

Tether generated billions in revenue simply from treasury interest payments with like <100 employees.