But - in a scenario where bitbonds are a real thing and legalized by nation states - why would anyone buy bitbonds rather than bitcoin? Interest rates would have to be much, much higher to entice buyers of bit bonds vs. the newly legitimized bitcoin.
Discussion
That’s just what I was about to say haha. No thanks.
Downside risk protection.
I only see the value of the downside risk protection on a < 4 year timeline. Most of these bonds getting issued would be 10+ years (where we see the current weak auctions). And once the bitcoin is validated as a storer of value in action vs. the increasing rhetoric, that math gets even stronger for Bitcoin’s superior storer of value. As soon as bitcoin bonds are actually on offer by a global superpower, it’ll obsolete the concept of bitbonds.
cuckoldry of statism