50 sats \ 3 replies \ @Undisciplined OP 31 Jul \ parent \ on: The New Bitcoin-Dollar System (Bad News) bitcoin
That's true. The meat of his point has to do with requiring stable coins to be backed by US Treasuries. That's a step beyond governments simply using the technology.
write
preview
42 sats \ 2 replies \ @grayruby 31 Jul
Yes, I get it, but the government is going to do what is in its best interest and preserving demand for USTs is definitely in its best interest.
reply
50 sats \ 1 reply \ @Undisciplined OP 31 Jul
Also true, but I think it's fair to describe a bill doing this as "bad news".
reply
42 sats \ 0 replies \ @grayruby 31 Jul
Absolutely, we don't need to cheer them on.
reply