The his has nothing to do with “agreeing with my thought process.” But are you under the impression somehow that the current fiat debt situation and trajectory is sustainable? Because if you are you are deeply mistaken.
Discussion
I don't think the debt is sustainable and we need an alternative. But having a #bitcoin reserve isn't essentially the only alternative.
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.
CT’s debt per capita is the worst in the country. And they have over $90 billion in unfunded liabilities. There’s not a ghost of a chance that they get out of this unless there is aggressive return on investment (they invest in a monetizing asset that will correct this massive problem) or by massive devaluation of their debt, which will cause a collapse of their economy and they can all be poor together.
The situation is beyond “extreme” already and this country and the entire west is acting like it’s “business as usual,” when we are on the brink of the world stepping away from the dollar. And nobody has any idea how quick it can fall apart historically when other countries exit the network that we push our inflation off onto.
Reality doesn’t care about anyone’s opinion.
