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The trojan horse model never made sense to me.

at what point is Bitcoin SO valuable to central banks that they voluntarily surrender the ability to *print* money?

What am I missing?

They'll come to the realization that their money is useless. It's outdated.

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so in the current system they can automatically extract value from the general population with fairly little overhead

And the thesis is that they will just stop because they decide that model is "outdated?"

I'm glad my article could spark some conversation about this topic.

embarrassingly I didn't read it.

but I will 🙏

Our thesis has been that

if we assume premature ossification,

institutional adoption leads to regulatory capture of the network.

And now?

😀

good article!

same thesis