They won’t succeed in implementing a CBDC, and are naive to think they will.
Actually quite like bitcoin, the true power of the US government is rooted in the decentralization and inefficiency (Bitcoin is obviously much more efficient now than it was a few years ago)
People complain that the US government sucks - a feature, not a bug.
Ideas are fought in 50 theaters, all with unique laws, demographics, and values
If we see even 3 or 5 states, especially larger economies like Florida/Ohio/Texas, outlaw CBDC’s - the whole scam falls apart. It will get wrapped up in 50 lawsuits and get snuffed out.
Need a way to pay my credit card through a mechanism like this.
I’m in a less common situation where I get paid by my job in Bitcoin. So any selling is for rent/CC. I’m not in the fiat mine rat race.
I’ll never go back to getting paid in fiat.
The single concern I have in regards to Bitcoin’s future
What happens if hyper-bitcoinization causes a catastrophically violent financial paradigm shift, with the vast majority of the world getting totally wiped out?
Do we become feudal lords? That’s only appealing to power hungry sickos, I want everyone to prosper to their greatest potential
We need to make sure the post fiat world is better, not the same
Good point. Selling bitcoin for USD gets less logical every day
In the next 10-15 years
We will start seeing wealth transfers down to younger generations (Millenials+Gen Z)
We will also have an entire generation raised on technology to an even greater degree than Gen Z.
Context: I’m an old Gen Z and my first cell phone was a flip phone, and I remember when the iPhone was released. The next generation will be coding in diapers
The combination of this will see the absolute destruction of Tradfi in favor of Bitcoin and the handful of other cryptos that end up providing some value.
The dinosaurs in Washington and Wall Street are losing their grip.
Lets just hope the radical side of the younger generation doesn’t burn down the world in the name of equity first
Now nobody will be poor!
- A financially illiterate US college student and vocal “Democratic socialist,” probably
With the calls for banks to cease (at least in part) FRB and hold customer deposits, resulting from the world realizing this whole thing can go tits up, not enough people are crediting Bitcoin.
Obviously Bitcoin is performing well as a result of this, that isn’t my point.
My point is this: without bitcoin, there wasn’t much of an alternative to FRB other than your mattress or gold bars.
With Bitcoin and Self Custody, Tradfi is being forced to be held to account by customers presented with an alternative choice: Bitcoin.
I fully believe Bitcoin will become the world’s most valuable asset/global currency, but we are years away from that and yet bitcoin is showing it’s true power:
Holding the powers at be accountable, and protecting the little guy.
Absolutely fucking beautiful to see.
I love you all 🧡💜
Don’t forget: buy the rumor sell the news
Caitlin Long seems like a remarkable woman
Major Nostrica fomo ☹️
GM 🌞
Jack Mallers might be my future husband but he doesn’t know it yet 😙
Stock market really hasn’t responded in the same way
When can we say Bitcoin decoupled from the markets? Up 70% in 3 months now
GM 💜🌞
It amazes me when people refuse to give their dogs some grilled chicken or steak from the table
Then pour a bunch of brown pellets from a bag and think that’s “healthy” for them.
