DoubleM on Nostr: Great show Natalie ... Jeff Booth is always one of my favourites, bringing positive ...
Great show Natalie (npub1ahx…5ech) ... Jeff Booth (npub1s05…eyhe) is always one of my favourites, bringing positive solutions as well as articulating the problems!
I'm no lover of big banks but Saylor and others (e.g. Peter Dunworth) do talk about BTC adoption as collateral, which really interests me and goes beyond passive store of value.
Is there a case for BTC sitting as pristine collateral behind regulated institutional issuers of credit and media of exchange? Could a group of next-gen banks like Custodia form a "federation" that acts in a way like a fedimint at scale, while using some traditional rails? Might this be successful in trojan-horsing the financial system so no chancellor bailouts are needed😉🤞
Even if the medium of exchange/unit of account looks like a USD stablecoin, could the transparency of the BTC ledger and fixed supply sufficiently reduce the critical risk Jeff raises of suppression and manipulation...? If we accept BTC is vastly superior collateral to treasuries, oil, gold etc, over time it would become clear which banks and stable coins are properly backed... The market still wins even if the shift is coming from closer to the centre. Could something like this happen in parallel to decentralised community models in emerging markets (loved by many of us), and accelerate the transition to an honest system?
I'm no lover of big banks but Saylor and others (e.g. Peter Dunworth) do talk about BTC adoption as collateral, which really interests me and goes beyond passive store of value.
Is there a case for BTC sitting as pristine collateral behind regulated institutional issuers of credit and media of exchange? Could a group of next-gen banks like Custodia form a "federation" that acts in a way like a fedimint at scale, while using some traditional rails? Might this be successful in trojan-horsing the financial system so no chancellor bailouts are needed😉🤞
Even if the medium of exchange/unit of account looks like a USD stablecoin, could the transparency of the BTC ledger and fixed supply sufficiently reduce the critical risk Jeff raises of suppression and manipulation...? If we accept BTC is vastly superior collateral to treasuries, oil, gold etc, over time it would become clear which banks and stable coins are properly backed... The market still wins even if the shift is coming from closer to the centre. Could something like this happen in parallel to decentralised community models in emerging markets (loved by many of us), and accelerate the transition to an honest system?