stacksatsio on Nostr: Encourage you to give video this came from a watch and think through the rabbit holes ...
Encourage you to give video this came from a watch and think through the rabbit holes presented.
If the entire economy is put on a CBDC, the black market doesn’t suddenly disappear. People don’t stop buying drugs and weapons and sex and doing cash jobs, and they’re not going to start trading gold now are they?
There’s a lot of space between traceability today and what would emerge in a new threat landscape.
A big part of Bitcoin’s superiority is it’s portability - too many seem to think we’re all just going to stand in crumbling economies rather than get out and take wealth with us. Or use it cross border from the outside. The state as we know doesn’t have to end with me there to witness it..
If the entire economy is put on a CBDC, the black market doesn’t suddenly disappear. People don’t stop buying drugs and weapons and sex and doing cash jobs, and they’re not going to start trading gold now are they?
There’s a lot of space between traceability today and what would emerge in a new threat landscape.
A big part of Bitcoin’s superiority is it’s portability - too many seem to think we’re all just going to stand in crumbling economies rather than get out and take wealth with us. Or use it cross border from the outside. The state as we know doesn’t have to end with me there to witness it..
quoting nevent1q…yz2lHere's my video about a hash war before Max Keiser first mentioned it.
The Hash War in Lowery's book is slightly more accurate than Max Keiser's description, but neither of them have understood the actual threat model that Bitcoin operates under.
For a robust analysis of the threat model, look at Voskuil's work: cryptoeconomics.
https://youtu.be/X_xgmVLyB94