BitBees on Nostr: Word nostr:note10nxhhd8sk2uepp36jyluv7493mz6d3mamd00656y8hjzux239j9q57wylf

quoting note10nx…wylf

Tariffs are likely bad for the US economy, but good for cryptocurrency.

Why are they bad for the US economy?

Because production can't go up overnight, but prices can. Because returning production to a country is even harder than building it in the first place. And because the US makes far more from its money-printing business than its manufacturing business.

Why are they good for cryptocurrency?

Because internationalist capitalism will move onchain, even as nationalism and socialism gain ground offline. Because the only truly binding cross-border contracts will soon be smart contracts. And because you might not be able to trust a country's economic promises, but you can trust cryptography's mathematical guarantees.