The more success bitcoin enjoys, the greater reason central banks have to seek out ways to crush it. The authoritarians will turn to repression and the boot. Believers in genuine democratic governance and good outcomes will seek to out-compete bitcoin, though — to the good.
In that spirit, here is a hypothesis. Central banks can demolish bitcoin forever with three easy steps:
1. Privacy and censorship resistance: Chaumian ecash
2. Sound money: algorithmic supply management
3. Innovation: an open API
Game over.
Imagine the pumpanomics at play here:
1. Freedom goes up (digital cash)
2. Number goes up (sound money)
3. Innovation goes up (open architecture)
Embrace the pump, central banks, and kill bitcoin while you're at it!
resistancemoney / Andrew M. Bailey
npub1ye…dawc7
2024-07-09 10:03:55
Author Public Key
npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7Published at
2024-07-09 10:03:55Event JSON
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"content": "The more success bitcoin enjoys, the greater reason central banks have to seek out ways to crush it. The authoritarians will turn to repression and the boot. Believers in genuine democratic governance and good outcomes will seek to out-compete bitcoin, though — to the good. \n\nIn that spirit, here is a hypothesis. Central banks can demolish bitcoin forever with three easy steps:\n\n1. Privacy and censorship resistance: Chaumian ecash\n2. Sound money: algorithmic supply management\n3. Innovation: an open API\n\nGame over.\n\nImagine the pumpanomics at play here:\n\n1. Freedom goes up (digital cash)\n2. Number goes up (sound money)\n3. Innovation goes up (open architecture)\n\nEmbrace the pump, central banks, and kill bitcoin while you're at it!",
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