Bayman11771 on Nostr: American policymakers are stuck in a fading framework - dollar dominance understood ...
American policymakers are stuck in a fading framework - dollar dominance understood as the ability to manipulate currency as a tool of national power. And it isn’t Bitcoin causing this framework to fade, but rather the abuse of the very privileges people wish to maintain.
While Bitcoin is neutral, that neutrality speaks to what I hope can remain core American values - the sovereign individual, economic freedom. Challenged as these values are, people are seemingly waking to the realization of the false promises of collectivization. Because Bitcoin speaks to core values, it inherently offers Americans the opportunity to benefit from this competitive advantage.
The dollar system is resilient, but it is not immortal. When it comes to Bitcoin, the US enjoys the competitive advantages of values, hash rate, and innovation. Something will fill the gap left by the dollar as its role as reserve asset fades. Right now there is no clear successor. Perhaps we will stumble upon a new generation of leaders who see the possibility of filling this gap with a monetary asset that, while perhaps beyond our ability to directly manipulate, is well suited to help the American people realize a sound future for themselves and the country.
And with that example, might not other like-minded countries follow? I believe there is space enough on this Earth of ours for everyone to prosper.
While Bitcoin is neutral, that neutrality speaks to what I hope can remain core American values - the sovereign individual, economic freedom. Challenged as these values are, people are seemingly waking to the realization of the false promises of collectivization. Because Bitcoin speaks to core values, it inherently offers Americans the opportunity to benefit from this competitive advantage.
The dollar system is resilient, but it is not immortal. When it comes to Bitcoin, the US enjoys the competitive advantages of values, hash rate, and innovation. Something will fill the gap left by the dollar as its role as reserve asset fades. Right now there is no clear successor. Perhaps we will stumble upon a new generation of leaders who see the possibility of filling this gap with a monetary asset that, while perhaps beyond our ability to directly manipulate, is well suited to help the American people realize a sound future for themselves and the country.
And with that example, might not other like-minded countries follow? I believe there is space enough on this Earth of ours for everyone to prosper.