The current battle is waged on who will have the legal authority in the eyes of governments to custody Bitcoin.

At one point you will need a license as an individual to do so in the US. Bitcoiners will have no choice but to migrate where they are treated best.

[782537]

Fiat money advantages

The rich at the expense of the poor

The old at the expense of the young

The incumbents at the expense of the innovative

The first world at the expense of the developing world

The propagandists at the expense of the artists

The rent seekers at the expense of the productive

BALAJI: They’re closing the exit to #Bitcoin  while printing trillions.

Given we’ve been warned for at least 30 years and done nothing and the models all appear to be coming true. Even if you are only 99% sure about climate change scam, given the risk of what they are claiming, might it not be better to at least hedge?

I'm still worried tho

From what angle?

The Congressional Budget Office’s official forecast says the U.S. deficit is $1.4 trillion for 2023 and that the deficit will double to $2.8 trillion by 2033.

That’s the official forecast right now.

That means without any future crisis the US public debt is set to hit $50 trillion in 9 years.

There’s nobody out there to buy that, so the Fed will have to monetise it.

The math no longer works.

If interest rates stabilise at 4% then that’s a further $2 trillion per year just on debt servicing.

Following COVID, the US economy now has to grow at 5.4% CAGR just to keep the US public accounts solvent.

That doesn’t sound achievable to me.

"Dad what’s that over there?"

"Don’t worry son, that’s Fiat land… we must never go there"

1. Wtf is wrong with you?

2. Are you stupid or just want the $?

3. What are your thoughts on a CBDC?

FedNow has been announced during the most volatile weeks for banks in the last 14 years. There is a plan.

[782411]

What’s missing?

Fiat money advantages

The rich at the expense of the poor

The old at the expense of the young

The incumbents at the expense of the innovative

The first world at the expense of the developing world

The propagandists at the expense of the artists

The rent seekers at the expense of the productive

Fiat paper is great for wrapping fish

[782411]

Wen Taliban on nostr?

Quick check on the Bird App and all I see is a cute skull.

Scroll more and apparently GreenPeace made it for us.

GreenPeace still doesn’t understand it can indeed change the code. But probably doesn’t know how to code.

Me 2