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I would strongly recommend this book

It hasn't gotten a lot of attention but is definitely worth it

The thesis is simple

Just as the dollar moved from being based on gold to being based on oil (the petrodollar), it is today in the process of moving to a new base of Bitcoin, with the help of stablecoins

But thankfully the book doesn't end there with that dark outcome

It heavily implies that through proper engineering and layering and technologies like ecash, we can defeat the fiat system

https://store.bitcoinmagazine.com/products/the-bitcoin-dollar-book

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Discussion

frphank 1y ago

Because the dollar is based on Bitcoin that's why the exchange rate fluctuates so widely.

tank 1y ago

Putting it on the list. Thanks. In nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z ‘s recent pod, Paolo says Tether only buys short term treasuries (3 months) due to duration risk and needing to liquidate Tether quickly. Wouldn’t the US need a buyer of longer term bonds to replace China and Japan?

gladstein 1y ago

Yes - who’s gonna buy long dated debt?

tank 1y ago

Exactly, this is my question with the bitcoin-dollar thesis. The petro-dollar created real demand for long dated debt. But how do the stablecoins provide any meaningful demand for US debt if all they do is roll profits from 3 month bond yields into bitcoin?

gladstein 1y ago

I mean. If anything I think the bitcoin dollar is temporary

Bitinsightful 1y ago

Solutions will come when needed, too many weak people's talk about problems but not only talk when only they found solutions. Lack of self believe in reality.

#Bitcoin

nostr:note1ehej4eux4ertmcevytdyzh4v4tjsfxagsdmu8jgtghutytu7wreqru00jy

The Fertile Crescent 1y ago

Dollars and dollar derivatives have been the weapon used by the evil corrupt government officials and corporate executives to print money, enslave everyone and destroy all truth in the world. Won’t be using those ever again…

Burn it the fuck down

#BitcoinOnly