Like giving cancer another chance to metastasize
Discussion
Nah, bitcoin is a treatment … forcing a balanced budget with a bitcoin standard (and putting constant downward pressure on revenues, therefore costs because balance) is an entirely new feature of a monetary technology.
It either cures them or destroys them.
It’s not in govt nature to swallow this pill as prescribed. It survives only by sucking the life out of its subjects. Either we prolong individual suffering or we allow individuals the freedom to do as they will
I disagree. That’s a function of central banks moreso than implicit in governments. Bitcoin returns government to the founders’ original intent of it serving as a service organization. Banking is the mechanism by which governments are perverted and Bitcoin fixes banking.
1) lol fuck the founders. I never signed any contract that binds me to their whimsical fantasies. 2) Serve us how? If I want services I engage in a voluntary contractual arrangement with service providers. I’m a big boy, I can handle my shit. 3) banking is perverted bc of govt interference. Get rid of govt and bad banks fail, which would restore integrity of industry
I never understood people who complain about problems without providing a solution as an improved alternative. Very incomplete approach; impulsive, which is rarely good.
The solution is self custody bitcoin for individuals
That’s not a governance solution. Society is built on certain assumptions about how individuals live. Those assumptions have become detached from reality since 1971 but if you take a “rip the bandaid off” approach, that’s inviting a lot of chaos into the system.
If the US government effectively prints dollars to buy bitcoin (since we’re running a defecit, we’re printing money to buy bitcoin no matter how it is funded) it sends a clear signal about the value of bitcoin. It also gives the institutions (central banks, governments) that are responsible for the assumptions the people are living with a little time to change their ways OR lose their bitcoin because they’re not being value added. Also, in the process of governments legitimizing bitcoin, a bunch of bitcoiners will get wealthy enough to go do some big things on a bitcoin standard in the free market … which will only help individual adoption (hopefully into self-custody).
There are no roads where government adoption is bad for bitcoin … if anything it is inevitable, happening sooner than anyone thought possible, and is incredibly bullish for bitcoin’s future. Will it be smooth sailing afterwards? Of course not … Will governments try to fork Bitcoin? Probably. Will it be successful? Fuck no.
Long live bitcoin. Let’s just have an orderly transition to the bitcoin standard.