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10 sats \ 1 reply \ @028559d218 OP 21 Oct \ parent \ on: Minneapolis Fed's paper on banning Bitcoin to maintain "permanent deficits" bitcoin
Before I read this paper... I would have been kinda skeptical to be honest. NOT because I am overly trusting (I'm not) but because trying to ban Bitcoin helps no-one.
However this paper is crazy.
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0 sats \ 0 replies \ @Solomonsatoshi 21 Oct
The paper admits that Bitcoin presents an attractive alternative to USD to enough people that it undermines the monopoly the dollar has previously enjoyed. They do not like the idea of competition when it is applied to their fiat debt slavery/seigniorage. So they propose banning that competition. This should not be a surprise- they are the most powerful monopoly on the planet.
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