Oddbean new post about login | logout Her creates concern is that the feds are capturing the onramps by forcing stables to Hold their treasuries at the fed. That fear is very real. You should read her work on CIA and the fed. It'll give you perspective on why she is shook
I’m not sure how that would close down the on-ramps, but I’ll keep listening. I have faith bitcoiners can invent ways to get around such things anyways. My understanding with the treasuries though is that they’re only holding short duration bonds, nothing long term. I think I heard guy swann breaking that down
The issue is that if they want the reserves they can seize them. They now control the stables. Its like not having your own keys but with the treasury.