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.
Barry42 / Barry
npub17p…lcjun
2025-02-26 04:47:05
Author Public Key
npub17p72darfdwuj8vf59pdv7y2cqr826agpjn4mg25kyvam275aeyusrlcjunPublished at
2025-02-26 04:47:05Event JSON
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"pubkey": "f07ca6f4696bb923b134285acf115800cead750194ebb42a96233bb57a9dc939",
"created_at": 1740545225,
"kind": 1,
"tags": [],
"content": "Tariffs are likely bad for the US economy, but good for cryptocurrency.\n\nWhy are they bad for the US economy?\n\nBecause 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.\n\nWhy are they good for cryptocurrency?\n\nBecause 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.",
"sig": "5e5df42b546d2c7d151b690ba980bba0b507d31e7b97b50e6498d7dbda2b1cd7c3ad632e09b0498648ab47cb5ceef6da3136953c7c5825ed7c128398b58c410c"
}