Pierre Rochard -- 413d We can agree to disagree, I think bitcoin changes their incentives, and that effect will grow over time. reply [1 reply]We can agree to disagree, I think bitcoin changes their incentives, and that effect will grow over time.
thread · root 00b73551…8def · depth 6 · · selected 5f55da1b…76e0
thread
root 00b73551…8def · depth 6 · · selected 5f55da1b…76e0
nostr:nprofile1qy8hwumn8ghj7srwdaejumr0dshszxthwden5te0v3jhyemfva5jumn0wd68yvfwvdhk6tcpz4mhxue69uhkg6t5w3hjuur4vghhyetvv9usz9mhwden5te0vejk2ern9ehx7um5wghxyctwvshszxrhwden5te0vesky6tpdchxummnw3erztnrdakj7qgewaehxw309ucnjv3wxymrst3s9ccn2vf6xsurgwp0qyv8wumn8ghj7erfwfjkxar0wfuju7tpvf6jumt99uq3camnwvaz7tmzdaehgu3wdaexzmn8v4ehjmnr9e6x2cmg9uq3samnwvaz7tmrwfjkzarj9ehx7um5wgh8w6twv5hsz9mhwden5te0v96xcctn9ehx7um5wghxcctwvshsqg9enk72qxz2xt89tyzvkfnmytjrfq3ujl6p3umd4awjmlcd676uyu2ylduh Just listened to your appearance on the Bitcoin Magazine podcast ... Reallyinterested to hear your thoughts when you get to "Speculative Attack" on the Reorg podcast..."Speculative Attack" is something I still link to today, because it's such a powerful explanation of howinstabilities can emerge between #bitcoin and the debt-based fiat global monetary order. However, I'm havingtrouble linking the Pierre Rochard who wrote that 11 years ago to the guy who shows up at conferences andpodcasts today who is at least mildly (if not strongly) in favor of the Strategic Reserve concept.Is "hyperbitcoinization" of the type you describe still on the table? And if so, does the Dollar survive? And,perhaps most importantly, does MAGA understand any of this, and are comfortable with a world where the Greenbackbecomes toilet paper?For reference: https://nakamotoinstitute.org/mempool/speculative-attack/
SBR is Speculative Defense, which is why I’m in favor of it. I think the word “dollar” will become synonymouswith “sats” when they reach value parity and every dollar is backed 1:1 by a sat in the SBR. Dollar won’tsurvive in its current form, it has to evolve. And we should want it to evolve so as to not rug everyone relyingon it.
OK... but how does deficit spending work then? If we can't print money, no social security, no military empire,etc etc....
Balance the budget by spending smarter, necessity is the mother of invention.
Yeahhhh that'd be great, don't get me wrong, but I don't see a "balanced budget" happening.What you're describing would require a bipartisan consensus towards fiscal responsibility unseen this century,and *definitely* not under this administration.And there's no "necessity" when they have the printing press. Short-term political expediency will always win.
We can agree to disagree, I think bitcoin changes their incentives, and that effect will grow over time.
SBR is Speculative Defense, which is why I’m in favor of it. I think the word “dollar” will become synonymous with “sats” when they reach value parity and every dollar is backed 1:1 by a sat in the SBR. Dollar won’t survive in its current form, it has to evolve. And we should want it to evolve so as to not rug everyone relying on it.
af92154b4fd0 -- 413d [parent] | reply [1 reply]OK... but how does deficit spending work then? If we can't print money, no social security, no military empire, etc etc....
Pierre Rochard -- 413d [parent] | reply [1 reply]Balance the budget by spending smarter, necessity is the mother of invention.
af92154b4fd0 -- 413d [parent] | reply [1 reply]Yeahhhh that'd be great, don't get me wrong, but I don't see a "balanced budget" happening. What you're describing would require a bipartisan consensus towards fiscal responsibility unseen this century, and *definitely* not under this administration. And there's no "necessity" when they have the printing press. Short-term political expediency will always win.
Fair enough. Anyway big fan of your work, thanks for engaging!