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0 sats \ 15 replies \ @028559d218 24 Mar \ parent \ on: Replacing Cash With CBDC Would Pose A Grave Threat To Our Rights and Freedoms econ
I don't think ultimately that it's 'the government' or 'the banks' really preventing Bitcoin as a MoE.
I mean their tax treatment of it doesn't help for sure.
But if people, even in the United States "The Empire" really wanted to use Bitcoin for Medium of Exchange they would just do it. I don't think Americans, a great great many of them would care about 'taxes' for daily payments, goods and services, daily expenses etc if they really wanted to use Bitcoin. I think they would just use it and... not care.
Supply follows demand and I never see 'Bitcoin accepted here' stickers advertised almost anywhere... despite supposedly 20% of Americans "owning Bitcoin" (I'm not sure I believe that number). I think that number is actually way way smaller and the number of people who 'use' Lightning a fraction of that even those "20%" Americans...
As far as Mr Trump's plan and US hegemony... I honestly don't believe Mr Trump is that smart.
I don't believe he has "a plan" except to pander to a domestic political base... and/or whatever he thinks they want based on what he sees on TV.
I don't believe Mr Trump has any idea what the BiS is or what it does... or the 'Five Eyes' or even the IMF anything like that. What the executive branch (white house) is doing I think he makes up... more or less on the spot there's no plan except 'what he feels' from day to day.
It's like the new "Gulf of America" renaming. How does that make the US military or economic situation any better? It's just marketing
Most people want a convenient MoE.
While LN is now useable it still takes a conscious effort to use and there are very few places you can use it.
It has not taken a blatant ban to effectively prevent Bitcoin MoE from becoming any threat to fiats dominance.
Trump certainly knows how to pander to and please his base but the scope and range of his actions does align with a recognition that US imperialism is facing an existential challenge (from China) and that urgent and radical action is required.
His threat to BRICS nations (read Saudis in particular) that any move from them to use an alternative to USD/SWIFT trade payments would be met with a harsh response says a lot.
He knows Iran and Russia are selling oil to China using alternative Yuan denominated channels and if the Saudis or any other large oil exporters joins them the petrodollar is finished.
At that point USA is swiftly insolvent- its global hegemony is over.
China takes Taiwan ~ and resistance is futile.
Most in the west are in denial of how imminent global regime change could be.
But don't think Trump and those around him are.
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I don't think Trump knows anything...
Have you seen this? Does this guy look like someone who has a plan for US prosperity? Or anything else?
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Yes I hear where you are coming from - he is a master of obfuscation, distraction, and just pure showman baloney, but all the moves he is making on trade, tariffs and China do indicate he is aware of and responding to what is happening.
Whether his response will be seen as successful in retrospect I do not know, he might even be enabling others, but recognising a problem is a crucial part of the process toward addressing it.
Biden did not reverse any of Trumps previous tariffs on China and in fact advanced strategic repositioning of strategic manufacturing capacity ala Taiwan microchips to US mainland.
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In my opinion, if he were actually knowledgeable about US competitiveness he would be doing the absolute opposite.
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What is the opposite of tariffs?
Direct subsidies for manufacturers?
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Lowering import duties. Basically making goods cheaper for americans.
and more broadly, investing in infrastructure and additional education for americans so they can upskill/reskill and get better jobs.
The US has a huge shortage of skilled tradespeople for jobs that pay well and i don't know why trump never talks about it