I think the US Government is opening up the path for a Bitcoin standard through the terrible economic policy we have been accustomed to in with fractional reserve banking. However, it is most likely going to be a very bumpy road. Expect to see the US, and the rest of the G7 countries, fight this tooth and nail. They don’t want to give up the fiat ponzi that they’ve gotten rich off of. We’ve already seen this with Operation Chokepoint 2.0.
We will see major regulation against #Bitcoin and attempts to eradicate Bitcoin (although they are futile attempts). Senator Warren and other will lead the charge.
What I wonder is how does it all shake out eventually? Progressives and other establishment Republicans will most likely fight a Bitcoin standard all the way. A few bold senators and congressman will lead the charge toward a Bitcoin standard, but they will be seen as conspiracy theorists and crypto opportunists.
I do think that we do get to a Bitcoin standard, but the options are fuzzy to how we get there. Is there a divide in the country where the only two options is statism (socialism and CBDC) or libertarianism (Bitcoin standard)? Or do we stay together as a country and eventually move to a Bitcoin standard as one unified country? Universal basic income seems like a real plausible option to the progressives even though history has seen the failed socialist experiment again and again.
What are the options I’m missing? I’d be curious to hear the other possibilities the other plebs in the #nostr universe are thinking.
#plebchain
bobby / Bobby
npub10c…k94en
2023-03-12 03:36:12
Author Public Key
npub10cnmvpgt7ppgzhlw8rpm359twwqz5yrjd5v06k8uelv9z4u359ss2k94enSeen on
wss://nos.lolPublished at
2023-03-12 03:36:12Event JSON
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"content": "I think the US Government is opening up the path for a Bitcoin standard through the terrible economic policy we have been accustomed to in with fractional reserve banking. However, it is most likely going to be a very bumpy road. Expect to see the US, and the rest of the G7 countries, fight this tooth and nail. They don’t want to give up the fiat ponzi that they’ve gotten rich off of. We’ve already seen this with Operation Chokepoint 2.0. \n\nWe will see major regulation against #Bitcoin and attempts to eradicate Bitcoin (although they are futile attempts). Senator Warren and other will lead the charge.\n\nWhat I wonder is how does it all shake out eventually? Progressives and other establishment Republicans will most likely fight a Bitcoin standard all the way. A few bold senators and congressman will lead the charge toward a Bitcoin standard, but they will be seen as conspiracy theorists and crypto opportunists.\n\nI do think that we do get to a Bitcoin standard, but the options are fuzzy to how we get there. Is there a divide in the country where the only two options is statism (socialism and CBDC) or libertarianism (Bitcoin standard)? Or do we stay together as a country and eventually move to a Bitcoin standard as one unified country? Universal basic income seems like a real plausible option to the progressives even though history has seen the failed socialist experiment again and again.\n\nWhat are the options I’m missing? I’d be curious to hear the other possibilities the other plebs in the #nostr universe are thinking.\n\n\n#plebchain",
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