Lord Wilmore's avatar
Lord Wilmore
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image The world if people listened to the Austrians instead of the Marxists, the Keynesians, and the Monetarists.
In the limit, most people won't care about transacting on the blockchain directly. They probably won't want to worry about the Lightning network, either. People just want a bank where they can deposit their money and spend it easily. The fact that the option to self-custody is technically available should be enough to keep everyone honest.
The Federal Reserve forcibly took Americans (and the world) off the gold standard. Will it be possible to voluntarily opt into a bitcoin standard?
What's the endgame for a U.S. strategic bitcoin reserve? Making bitcoin legal tender? Or making the dollar convertible into bitcoin?