A New American Monetary System: Coming Soon.
Monero's value is not measured in dollars but in its usability.
Read my analysis...
Donald Trump promised that the US will become the crypto capital of the world.
He promised to have reserves in #BTC and pay off debt with “crypto checks”.
What does all this mean?
He said that he would take control of part of the crypto space and convert the dollar monetary system to a new one.
He also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars. He will say this is not CBDC, it is commodity-backed money as it was before 1970, and it is hard money.
This new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.
Now, many are excited about the BTC price explosion (measured in fiat, of course). They are thinking of fiat investments rather than a sovereign payment system.
When the biggest BTC hash rate is in the U.S., the government will impose on-chain KYC on the country's miners (the government will want control, as always), and then higher taxes and more oversight on transactions.
That's when the real value of #Monero will be seen.
Li₿ΞʁLiøη 🏴a³
npub1wp…hzs7p
2024-11-14 13:05:42
Author Public Key
npub1wpzpvzfkn4m754fasp0wnt6ck20ycww4kz9nj4n5rquu9ul7a0xq4hzs7pPublished at
2024-11-14 13:05:42Event JSON
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"content": "A New American Monetary System: Coming Soon.\n\nMonero's value is not measured in dollars but in its usability.\n\nRead my analysis...\n\nDonald Trump promised that the US will become the crypto capital of the world.\nHe promised to have reserves in #BTC and pay off debt with “crypto checks”.\n\nWhat does all this mean?\nHe said that he would take control of part of the crypto space and convert the dollar monetary system to a new one.\n\nHe also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars. He will say this is not CBDC, it is commodity-backed money as it was before 1970, and it is hard money.\n\nThis new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.\n\nNow, many are excited about the BTC price explosion (measured in fiat, of course). They are thinking of fiat investments rather than a sovereign payment system.\n\nWhen the biggest BTC hash rate is in the U.S., the government will impose on-chain KYC on the country's miners (the government will want control, as always), and then higher taxes and more oversight on transactions.\n\nThat's when the real value of #Monero will be seen.",
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}