₿reedem4Freedom

The banks are "stable and resilient" sounds an aweful lot like "safe and effective"

Bitcoin smells blood in the water. I think we're closer to money printers turned back on then most think.

If you're here, I want to help you. Here's what I know. Best thing I ever did was try and take life seriously and find a good woman of moral character to go halfsies on kids with. If you're not married, make it a goal.

I find Jason Lowery's thesis interesting, I really do. Don't know why, something about it is captivating. But ultimately I thinks it's fundamentally wrong. Simply Bitcoin is truth and perfect property rights, government is a fiction to steal and enslave. Bitcoin ends the illusion of the state, it doesn't empower it. The two will not coexist.

Tell me where I'm wrong. A CBDC may be the end of Fiat, the last mistake of central planners. When commercial banks issue debt, they create new currency units. When they really fuck up, borrowers default on loans, destroying the currency units. While still shitty it allows for some corrections in the market, limiting misallocation and inflation. Debt repaided or written of decreases currency supply. How can a CBDC, liability of the central bank ever be written off or repaid? Currency supply can only ever be increased without negative interest rates and I think most would flee to other assets with negative interest rates. CBDCs will only ratchet one directions and hyperinflate.