Why would citizens use national currencies in that world?
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why not? why some people drink coca cola when they can drink orange juice? The problem is not with national currencies, but with money printing. Deflationary national currency can be attractive. We want millions of local currencies, not just bitcoin.
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1) If Bitcoin is 50T market cap, hyperglobal, hyperliquid, wouldn’t holding it be less risk than holding your 300B Mcap Uruguayan centralized fiat currency? 2) Why won’t the local merchant just accept BTC for his services? millions of currencies is no different to barter.
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3) If they cant print money, all their existing debt pyramids collapse. Even if they don’t collapse, they don’t have as much monetary power at their disposal anymore for stability management.
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exactly, national currency with only limited ability to print is fine.
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More importantly, and towards the original tweet there. For the important reasons, bitcoin as the global currency or all national money printed in stable relation to each other and/or bitcoin each produces the same favorable result.... let us enter dialogue as civilization...
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Juice what are your thoughts on Stablecoins?
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They don't attend to the same problem as stabilizing our nation fiats. This is a key and subtle point. It is not "stable purchasing power" it is inter-national stability which is the proper MEANS.
- 13টি আরও উত্তর
নতুন কথা-বার্তা -
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Therein lies the problem:. How do you trust a government to peg it's currency to Bitcoin? You have to let go of borders and state agendas to understand sound money.
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You question is on point. You teach the citizenry the importance of it. And we learn that our governments and banks are simply extensions of our collective will. Pegging to bitcoin is important-pass it on :)pic.twitter.com/SQH8I41Vtu
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It would be an ongoing and uphill battle against corruption and propaganda. One that the average citizen would have no interest in over an extended period of time. Governments decay, ideas evolve, populations age. Bitcoin is hard to change, which I'm thankful for.
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We are like abused victims unable to reason. Our banks and government are fully capable of doing our wishes, we just need a population that understands. Rather than argue, learn, and teach. Proper money is pegged to bitcoin. Pass it on.
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Agreed. I think we need a more educated populace. I would bet that once they understand Bitcoin, there would be no need for national currencies, hence pegging is irrelevant.
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You said you agree and then you defeat the point again. To understand bitcoin, is to call for nations to peg to it. It doesn't then turn into "we don't need to peg to it". Nations exist and so do their currencies and they create a global problem to be solved not bypassed.
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Incorrect. Pegging is unnecessary because national currencies are irrelevant since they are well on their way to being debased. People will move to Bitcoin as a unit of account, SoV and medium of exchange in a global economy in the future.
কথা-বার্তা শেষ
নতুন কথা-বার্তা -
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নতুন কথা-বার্তা
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Yes, but which is more likely?
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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লোড হতে বেশ কিছুক্ষণ সময় নিচ্ছে।
টুইটার তার ক্ষমতার বাইরে চলে গেছে বা কোনো সাময়িক সমস্যার সম্মুখীন হয়েছে আবার চেষ্টা করুন বা আরও তথ্যের জন্য টুইটারের স্থিতি দেখুন।
