I don't think the debt is sustainable and we need an alternative. But having a #bitcoin reserve isn't essentially the only alternative.
Discussion
You think there is another asset that can can actually protect sound monetary restrictions against completely reckless and economically retarded governments? 🤔
I honestly don't have much of an idea. But i don't understand how having a reserve of #bitcoin helps the state make sound monetary decisions. With the states still are transacting in Fiat currency, if the price of Bitcoin falls down in this cycle, they will lose money just holding Bitcoin. In that case. It's much worse than 3% a year that you lose on inflation for fiat currency.
First, inflation has been 7% year over year for the better part of 50 years and is closer to 10% most recently. The consumer price index is meaningless nonsense. But I’ll give a more complete answer when I have a minute to break it down. And the short term “return” or lack thereof on the fiat price of bitcoin has nothing to do with it.
Got it. For now I'll take ur word for it that I'm missing something. That's because I dunno much about it as I said. I'll stick to my theory for now. But I'll look forward to ur version and breakdown.