[Crazy Theory] USA *government* debt is $22 Trillion. Japan ($13T), China ($5T), EU (€13T). One way out? Embrace Bitcoin and allow all fiat to devalue, hence making all debt easily repayable. Still collect taxes. Bondholders - shafted. Governments - debt jubilee.
-
-
Replying to @MustStopMurad
Why not gold? Central Banks already have it. I think crypto-currencies will also shine in this scenario, but don’t see governments reaching for leaderless tech less than a decade old to balance their books.
3 replies 0 retweets 0 likes -
Replying to @BrianEppert
Don’t know of anyone my age buying Goldpic.twitter.com/3OoBVk3qsB
1 reply 0 retweets 9 likes -
Replying to @MustStopMurad
Many central bankers your age? They won’t use anything they don’t control. First attempt: SDRs from IMF, if that fails then gold backing. But agree younger people would flee to crypto and it would be explosive. Maybe few generations supplanting gold as money of last resort.
2 replies 0 retweets 1 like -
Replying to @BrianEppert
SDR is just 5 fiats. If fiat devalues so does SDR. If tens/hundreds of millions use cryptocurrency it becomes on its way to be global reserve. Power is Money that others desire, accept and hoard. Central Banks will similarly want the currency that others are using.
1 reply 2 retweets 6 likes -
Replying to @MustStopMurad @BrianEppert
To be honest I think Central Banks will die. I think the future are Private Central Banks issuing stablecoins on the blockchain and competing against one another globally.
2 replies 0 retweets 9 likes
Or simply Bitcoin itself.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.