governments don't need fractional reserve banking. They are the bank. They control the amount of currency in circ and the overall debt. As we have seen time and time again, if they cannot actually sell debt, they will inflate the currency, such as turkey just did. 75% currently. Nobody wanted to buy their bonds for a few years now.

ummm, isn't he taking on massive debt with his bitcoin bonds to build power, city, and mining infrastructure?

Yes, the blocksize was deliberately kept “small” to allow the greatest number of nodes to download and verify the full chain. The goal was increased decentralization.

Since the original 1 MB block size, it had been increased to ~4 MB. This is definitely making it more difficult to run a node.

Any mention of Ukraine’s suspended elections, lack of free press, and conscription program in Oslo this year?

I do think there is a chance that the hostility may be mitigated somewhat by people inside the government adopting bitcoin. Even the most committed statist is concerned with their own self interest.

I’m not aware of the proposal.

If I may add... "Cash on the internet" is laudably right in the white paper itself... The main impediment, IMO, remains TPowersTB that are determined to have complete identification, surveillance and control over the entire internet--first and foremost financial/transactional!

Lol.

There is a lot to unpack there. I'll just tackle one point out of many. The so-called "blocksize" war was unfortunately named. It was much more a governance war than a war about size. In fact, every side proposed an increase in block space. The bigger question was whether folks like Roger Ver, Brian Armstrong, Erik Voorhees, Mike Belshe and their VCs would run bitcoin, or whether the core devs and community would. Not only did the underdogs win that war, but the market responded positively to it. The problem with the debate was that a governance change was part of the proposal.

But surely there’s some nuance there. It’s hard to pin down someone’s exact opinion without being very explicit…for example, I doubt he would argue in support for making transactions take twice as much space for no reason.

For clarity, I was responding to this comment:

"I don't see how Bitcoin will set the vast majority of the world's population free"

I would somewhat agree with the statement ...

again, el sal is interesting case study... The pendulum has swung significantly there (from crime/homicide to stability) and it seems that bitcoin is only part of that swing

idk man, at surface value we can say "el sal is working" but we actually don't know. I think on the ground they still use cash type systems with BTC being the reserve? Do they use lighting?

I heard they had their own system in place, but then again, all just rumours, nothing really quantifiable.

so state sponsored satoshis?

I mean, we have grants already. I'd think they'd actually issue them CBDC instead, then the citizens would convert that to BTC or some other alt

... I suppose for many it will depend on their government (and/or company) getting involved in bitcoin ... A la El Salvador

I just don't see it.

I don't see how Bitcoin will set the vast majority of the world's population free, when they are already trapped in poverty cycles.

BTC requires some base things including: Internet access, Bitcoin Node access, a mobile Device.

Cash really is king. South African taxi drivers are not accepting BTC. CASH is it.

Pegah answered your question about why not try regime change that Iranians tried regime change.

And that it doesn't work when the regime have all the guns.

The West is democratic. You cannot speak for the individuals who make up the West as to whether it is their business or not, only whether it is your business or not.

If you don't care why comment?

A shameful state of affairs.

What options do we have?

Your wallet doesn’t know or care where the money came from.

Don’t waste your precious attention chasing nickels and dimes. Focus on the big financial questions. Let the little things slide.

No one became rich by skipping 10,000 lattes.

The U.S. might let them take Taiwan, as well. If they can find a solid alternative for TSM, they might order a full on retreat. Seems unlikely, but... there are a lot of ways this can go down. 🤔😔

Actually, it probably works the other way (too?)... 'Murica touches their pinky toe on Taiwan and 700 billion in treasuries is dumped on the market