0 sats \ 1 reply \ @Solomonsatoshi 18 Oct \ parent \ on: Bitcoin’s False Dichotomy between SoV and MoE - by Roy Sheinfeld, Breez bitcoin
Problem is we don't have government by and for the people we mostly have government owned by the corporates who sponsor politicians. The banks are prime sponsors and with the governments they sponsor they operate the fiat debt monetary system which gives them and their client governments huge power.
I think the economic impacts, the economic effects... are too strong with btc. It would be like a country trying to artificially prop up its currency relative to something else that is 'harder money' or less inflationary. They can do it for a while but only for so long. Eventually just people want it. They want to save it, buy it, and I believe transact in it if it's practical.
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