I love your take paul. Integrating Bitcoin directly into Nostr skips the usual raise → token → pump cycle → goes back to Bitcoin anyways. Clean incentives, no games.
“2008 never ended, the Fed just learned how to hide QE off the balance sheet.”
This week with nostr:nprofile1qyt8wumn8ghj7ct5d3shxtnwdaehgu3wd3skueqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgpnkeqsw4f3nudn3wwr0jg5y5wft2rhd7hvmcmv6r7xxhp4tvrn55ve7rzq we explore:
🔸The Global Debt Crisis & stealth QE
🔸The Silent Depression crushing today’s youth
🔸Why #BTC is the answer to the Dollar Endgame
https://blossom.primal.net/96614e212b058c19bfb42522f396331cee22e1d642acfb703c2f7f6e01984ad0.mp4
The Genius Act is also a stealth bailout— which is why I think it was embraced by US regulators so quickly.
For context, the Genius Act legalises stablecoins by providing regulatory frameworks for more companies to issue them. So USDT and USDC will have competitors soon.
But the real genius of the Act is that it enables the US to continue accumulating endless debt.
You see, in theory, every stablecoin issued is supposed to be backed by 1 dollar in a vault. But in practice, stablecoins are 75% backed by US treasuries.
That’s right— there is a new buyer of US debt in town. It has shifted from nation states to literally the global consumer— anyone who wishes to hold USD.
Circulating stablecoins are currently $270 billion. But analysts are already predicting stablecoins to grow to $3 trillion by 2030.
Something you may want to dive deeper in case you haven’t done yet.
Made my Nostr debut where Bitcoin meets har gao. 🧡 #BitcoinAsia
