@MustStopMurad Welcome mate. I saw you on @TFTC21 Podcast, you were Great. I'm glad you guys talked about Stablecoins for a little bit at the end, it was good to hear your Ideas.
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I imagine someone saying that exact thing in 1933 when we went off the Gold Standard. Threat of violence was in effect then (turn in your gold). I am assuming threat of violence will be in effect when the L2 inflating-coin is backed by the BTC in the Central Bank's cold wallet
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I am assuming threat of violence will be present because: As long as militaries are present on Earth, the threat of violence will always be credible & will be used as leverage to get people to do what a nation-state wants.
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Bitcoin’s decentralized nature subverts and routes around violence in a very elegant manner. They can slow it down, sure, but slowing it entirely is close to impossible. To date, they can’t stop Bittorrent. And cypherpunks will work 100x harder to make Bitcoin a success.
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I buy all of that.
End of conversation
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