DownWith ₿ig ₿rother on Nostr: “Is it ironic that the asset created to resist fiat is now being used to save ...
“Is it ironic that the asset created to resist fiat is now being used to save it?”
This question keeps me up at night.
I’ve been working quietly on a project that explores this very shift, how Bitcoin, born as freedom money, is now at risk of being wrapped in a new financial apparatus: strategic reserves, institutional custody, and most urgently, stablecoins like Tether that tether (literally) Bitcoin’s value to U.S. debt.
Susie’s Forbes piece Is Trump’s Strategic Bitcoin Reserve a Threat to Freedom? is a sharp and timely look at what this co-option could mean.
One idea I explore in my private thesis:
“If Bitcoin becomes the foundation of a new system but the dollar remains the unit of account, then Bitcoin hasn’t replaced the system, it has been absorbed by it.”
The question is:
Do we get a Bitcoin standard, or a digitised version of the old regime with new branding?
Open to hearing thoughts from others working through this.
What can be done, practically and philosophically, to keep the ethos alive?
#Bitcoin #Tether #GameTheory #Sovereignty #WrappedInTheDollar
Published at
2025-04-19 06:36:50Event JSON
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