I just don’t get. Bitcoin is wilfully ignored in these monetary policy papers, but they still jump to stablecoins.
Am I missing something?
Discussion
Some people can’t see past US dollar hegemony, and can understand stablecoins through that lens, while missing bitcoin entirely.
no, I don't think you're missing something - it's worse: you understand it.
Yeah, it’s just wild. They just propose variations of the old. Nothing new. If you try, even respectfully, you get dismissed out of hand. Persuasion, even evidence-based persuasion doesn’t work. You just have to build something new for the people who actually need it, not just opine about it.
If your system is predicated on not allowing an externality, would you point out the externality that negates all of your base premises?