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@brockm 1679173655

Reality is government's should not fear competitive private money like bitcoin, if they're a confident in their state-issued currency. I don't really take a position on the inevitability of the end of state-issued currency. I do take a position on the inventively bitcoin becoming one of the most important currencies in the world, and acting as a significant competitive monetary force in the world, which will change incentives dramatically.

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₿TC Fiend · 158w

https://i.imgur.com/PGDoHju.png

Derek Orrell · 158w

The separation of church and state didn’t end either it just changed the relationship. Governments will have to run efficiently or they will fail!

Bitcoin is the first time we’ve had money. Everything that came before was a proxy. Anything can monetize, but there is only one absolutely scarce money. ⚡️

Chilidem · 158w

I think the most interesting part is how it could change the relationships between nations as far as international trade is concerned. A neutral money for trade between nations seems like the most obvious outcome for bitcoin, no? Not saying it will happen overnight, but it just seems like an inevi...

Stake For Your Future · 158w

They’re definitely not confident in state-issued fiat lol

SatScale · 158w

They don’t allow fully reserved banks because they know that will cause a run on the fractional reserve banks. We will reach a point where enough people equally realise the difference between bitcoin and fiat - only I’m not sure they can truly stop bitcoin

What are your thoughts on democracies adding the right to freedom of choice when it comes to money? I think that should become a fundamental right for keeping federal reserve systems in check.