Why would we pay off the debt with Bitcoin? Default on the debt and keep the Bitcoin.
Well explained!
A new video explains why the US should hold #Bitcoin as a strategic reserve asset 👀
"If the US could obtain 5% of all the bitcoin supply, this could help pay off a significant portion of the national debt" 🇺🇸 https://video.nostr.build/eefdd7a5b53a2d36028b0e4ee0e2d3811570b032430a86db6351a9db77fafa92.mp4
Discussion
A good hard default would make it harder for government to borrow in the future, possibly for generations.
Its all upside :)
Sucks for the bond holders, but sovereign default is a known risk. They've just mispriced it, believing (incorrectly) unlimited state violence will be available to extort future tax revenues to fund today's misrule.