It already exists - LNMarkets I tend to separate the two: 1) how bitcoin can be used by any person (i.e., however they want), and 2) the structural battle that will necessarily happen between debt-based fiat and energy/equity-based bitcoin, due to their very properties. The debt must expand, and that means it must attack bitcoin down the line due to the fundamental incompatibility that Jeff talks about. Along the way, bitcoin can be used by anyone however they want (agreed with Jack). It truly does not matter what Satoshi intended. But it’s also true that there will come a time when those using it to mine fiat or in a way that serves the centralized fiat mechanisms (like Jack or Saylor) will be forced to choose between the freedom protocol taking over and the debt tokens going to zero. Some of us have chosen to align with the inevitable and build in the new world, while others are building the bridge that must eventually burn but helps people get across in the meantime. Both are necessary.

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hodlher's avatar
hodlher 2 weeks ago
This might be the best take and best explanation I’ve heard. The piece that is always missing by guys like @jack mallers and Saylor is that what they’re building is a bridge that will eventually have to burn as you put it. I’m still trying to wrap my mind around exactly how & why this has to happen. However, my instinct has always been that there’s something incompatible between Bitcoin and a debt or credit based system. So is your logic that when Bitcoin becomes the money of our species, there will be no debt? I’m hard pressed to see that as debt has existed for millennia, not necessarily just a product of fiat.