sid on Nostr: The broader picture here is that people have historically trusted governments and ...

The broader picture here is that people have historically trusted governments and institutions, relying on what we call the rule of law. They used government-issued currency because that trust was intact. But as trust in governments has broken down, institutions have become corrupted, and the currency has failed to serve its purpose, people are naturally moving away from government money and into Bitcoin.

Today, trust in traditional institutions is at an all-time low, and it can’t be restored through mere words or promises from the government. Trust has to be earned, and certainty will only return when people truly believe in the system again.

I believe the next logical step for governments, if they want to rebuild trust, is to align themselves with what people are already trusting—Bitcoin. By anchoring their currency to Bitcoin, governments can begin to regain the trust of the people, especially younger generations.

That’s the bigger picture: trust is shifting, and governments need to adapt to where the trust already exists.