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0 sats \ 2 replies \ @028559d218 OP 21 Oct \ parent \ on: Minneapolis Fed's paper on banning Bitcoin to maintain "permanent deficits" bitcoin
basically the paper is saying... there or in another paragraph that the only 'risk free' asset for 'risk averse' consumers should be government debt. bitcoin cannot exist as the 'other' risk free asset as it breaks all their models.
as to your question... because they can type up what the government wants them to
Government debt is no risk-free, it bears the risk of debasement. Bitcoin is risk-free, because it doesn't have that risk.
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Nothing is risk free.
Bitcoin just doesn't lie about it.
It can't lie... it's a network protocol 🤪
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