Nick Szabo  🔑

8/ Bitcoin as tool for US foreign policy (eg the US is currently trying to provide aid to Venezuelans but is unable to do so) is an extremely under-discussed narrative.

9/ The US debt currently stands at $22 trillion, with no plans to reduce it. What are the options? a) continue growing the debt forever without nothing bad ever happening (unlikely), b) default (catastrophic) or c) inflate your way out of debt (probably just as catastrophic)...

9cont/ Bitcoin is a hedge against these nightmare scenarios.

10/ By the time the government realizes it needs to regulate Bitcoin, it will have become to big and it will most probably be too late.

11/ In the US, the poorer you are, the more expensive it is to live. This happens because of rent-seeking financial institutions that will charge extra fees from people with less means.

12/ In several generations, people will think of us as crazy that we didn't properly think through what it was that we were using as money to transact with each other.

13/ Issues are easy to overlook when the system is working. But of you want to save, you cannot use the US Dollar. The only thing the dollar has done since ita birth is lose value. So today if you want to save, you need to become somehow an equity holder or a property owner...

13cont/... How does that make sense to a bus driver or a plumber? That these people need to become financial experts in order to store value? It's insane.