xx on Nostr: The way I read Voskuil’s comment is that Bukele used state resources to acquire ...
The way I read Voskuil’s comment is that Bukele used state resources to acquire Bitcoin for the “dictator”-ship, whereas Trump and Miele did not use government resources *and* investors knew the risk.
Bukele has supreme power to do whatever he wants, whether the people like it or not. Just because he acquired Bitcoin and Bitcoin seems inherently “good” seems irrelevant to Voskuil, and likely is. Perhaps your perspective would be different if Bukele had acquired Ripple instead.
This does align with what I’ve heard about the checks and balances in the US Reserve system, Trump cannot legally reserve Bitcoin on the Federal level without specific legal approval as it could compromise the Dollar.
Don’t hate on me for providing my interpretation. I’ve read lots of Eric’s stuff and he’s not often wrong, so it’s worth digging deeper into his thought process, because he goes deep.
Bukele has supreme power to do whatever he wants, whether the people like it or not. Just because he acquired Bitcoin and Bitcoin seems inherently “good” seems irrelevant to Voskuil, and likely is. Perhaps your perspective would be different if Bukele had acquired Ripple instead.
This does align with what I’ve heard about the checks and balances in the US Reserve system, Trump cannot legally reserve Bitcoin on the Federal level without specific legal approval as it could compromise the Dollar.
Don’t hate on me for providing my interpretation. I’ve read lots of Eric’s stuff and he’s not often wrong, so it’s worth digging deeper into his thought process, because he goes deep.