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276 sats \ 3 replies \ @Scoresby 21 Oct \ on: Minneapolis Fed's paper on banning Bitcoin to maintain "permanent deficits" bitcoin
tl;dr We can only pretend that fiat is working if there is no alternative.
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34 sats \ 2 replies \ @028559d218 OP 21 Oct
i know exactly. bitcoin breaks their models of infinite deficits so bitcoin is taxed (best case) as much as necessary to 'fix the model'
or possibly banned or 'bought back' because it would be 'best for consumers'. i can barely believe this paper exists.
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0 sats \ 1 reply \ @Scoresby 21 Oct
Yeah, it is very wild. Thanks for the great write up. Have you looked at the recent ECB paper about bitcoin?
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17 sats \ 0 replies \ @028559d218 OP 21 Oct
yes i skimmed over it. i'll look it over again... but this paper goes much further. if it were from a random think tank then oh well whatever... but it's from a US central bank sometimes this is how these things "justify" policy
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