1/ I believe that the switch to inflationary-money (controlled well enough to not have hyperinflation) is what allowed there to be massive investment in technology/businesses/new ideas to create the technology that led to a betterment of the above 3 properties.
With state fiat atop a permissioned ledger, other than uninflatability, you’d also lose decentralization, permissionlessness, trustlessness, unseizability, etc.
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100% agree. And the Market has been OK with that for the last 50 years, or else the Market would be using Gold. Private ownership & usage of Gold has been legal in the US since Dec 31, 1974. I haven't paid for anything in Gold in my entire life.
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Well, everyone who attempted to start an alternative currency has either been shut down or thrown in jail (liberty reserve, e-gold, etc.) But because BTC is decentralized and leaderless there is no one to kill
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Yup. Or like Saddam Hussein requiring Euros as payment for Iraqi oil in 2003, or Qaddafi planning to require the Gold-Backed Pan-African Dinar as payment for Libyan oil in 2009.
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Exactly. I too think most of the other “reasons” for those invasions were lies. It’s all about the petrodollar, geopolitics, energy, monetary supremacy and seigniorage.
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I knew you were a Genius. Yup that Information (understanding the real History, Geopolitics, & Alliances of the US over the last 60 years) is the underlying foundation for 2 of the 4 main pillars of the Stablecoin-Oil Thesis.
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Thank you Sir. Enjoyed discussing the markets with you today. Thank you for your civility.
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You're welcome, friend.
End of conversation
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