Rereading nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu 's excellent expose on the Petrodollar recently and thinking: what would it seem like, if it seemed like (h/t nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt ) the petrodollar system was coming to an end, and the US knew it, and was embracing cryptodollars as a replacement for petrodollars, not by accident but by design.
I think it would look a lot like some of the stable coins we are seeing today, exporting our inflation out into the world through making stablecoins available in hundreds of countries where our banking system doesn't reach, and driving up a demand for US treasuries by stablecoin issuers, which pushes down US treasury yields, allows issuance of cheap debt, etc. Just like the petrodollar did.
Paul Ryan's recent comments show a clear understanding of this picture.
Been saying this… Tether was co-opted by CIA once they realized they could do this
Yeah someone should redo this estimate nowadays and see if the napkin math still checks out long term.
?tr=w-1080,c-at_max
The idea that a system is fair “in theory” is an insidious fucking control device for those that benefit from how it works *in practice*. Reverse that now as well- a cretin might tell you that your improved system doesn’t work “in theory” as well- in an effort to prevent you from practicing something new. Don’t ever stop challenging theory with practice and clear minded observation… #bitcoin
Put me in coach I know what to do
I dream of a world without fiat mal-investment.
Love the vibe 🍄👌🏼
Good morning!!
?tr=w-1080,c-at_maxThis is the vibe 🤙🏼
Hope is necessary for us to win our freedoms back. Amen.
Mental model spot on. We hope to emulate this.
nostr:note19gd64t49kr22a3pqvkgxn8fewhskq5gz75m34t6cg5ztxw46ck4sm37k9n
Gotta hand it to them, as far as rug pulls go the Eth proof of stake switcheroo has to be king