I get why everyone is frustrated with Trump’s shitcoin.
It’s a distraction and takes away from what the focus should be, #bitcoin
But if most people shitcoin before they Bitcoin, why would governments be any different?
I saw nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs say that somewhere and it stuck with me.
What Bukele has done in El Salvador is impressive.
He skipped the bs and went straight to the meat and potatoes.
Over time, I think the Trump camp will realize there’s Bitcoin… and then there’s everything else.
Onwards 🫡
Not the same. Most people can learn from their mistakes. But that’s not something either nation states or Trump has a track record of doing.
Friendly reminder that governments don’t actually have a monopoly on coercion. Coercion can be present to varying degrees in any contract where one party has limited available alternatives. For example, in the healthcare market, the alternatives available to a customer are sometimes either 1) paying any arbitrary amount of money for a life-saving treatment, or 2) dying.
Compare this to a local government that wants to raise school taxes. You can avoid these if you move a few miles down the road into the next local jurisdiction. I have yet to hear a compelling explanation for how a local government has more coercive pricing controls than a healthcare provider or health insurance company.