Damus
preston profile picture
preston
@preston
Imagine trying to jump from one train to the other if:

Train A is going 65 mph
&
Train B is going 60 mph

Only these trains aren't running in the same direction. They are running in opposite directions.

That's what "pegging" the dollar to Bitcoin would look and feel like. You can attempt that jump, but like Joe Carlasare says, "The new paradigm isn't forced upon the old; it succeeds it."
1110❤️29🤙50😂1🧡1
Stackmore · 140w
And the next time these trains encounter each other they will both be faster.
Stackmore · 140w
⚡️
Toshi · 140w
Small allocations don’t work either?
GrubbyProle✝️⚡️ · 140w
Ouch 🤕 Excellent word picture nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
Pilgart Explores · 140w
They are going to want to call in Jean Claude Van Damme as economic advisor then 😅
Strifels · 140w
Nice take
🍊💊⚡️🌽 · 140w
#Bitcoin consumes it………….. The dominant consumes the weak……… #Bitcoin being honest money will do this……….
techfeudalist · 140w
Probably the best way to transition would be for red states to promote bitcoin via full reserve state banks. As Balaji suggested, they could connect with each other to pool liquidity.
Habanero · 140w
I imagine 2027, standing in line at the DMV, opendime in one hand, two fat stacks of $100,000 bills in the other... waiting... waiting... hoping to transfer them for a few measly satoshis
Cyber Seagull · 140w
Analogies are fun