If Saylor and Bhatia’s vision comes true, i.e. Bitcoin doesn’t eat government bonds, then Bitcoin is a failure. Don’t overthink it, Bitcoin eats all monetary premiums.
People are having a really tough time accepting that they’re ruled by pedos. It’s too much for the mind to come to terms with.
Anyway, catch the game last night?
Can someone ELI5 what Bitcoiners mean when they say “An AI productivity boom can grow the US out of its debt”? Sounds like snake oil.
I thought price deflation is fundamentally incompatible with the debt money ponzi.
The only reasons why you’d want to hold worse forms of money (fiat, bonds, equities, gold and houses) for any significant duration are either: you’re uninformed, coerced, or holding them gives you a competitive advantage at printing fiat.