Oddbean new post about login | logout Get ready. The stupid train is pulling into the station. https://image.nostr.build/21a4cc7d015ef581b01517d0b4f82b62eec5ba4a0f73e2caa5ab7c856189c4e8.jpg
Stack bitcoin. Stack $50’s not $100’s for normie land. It is going to get worse.
It still surprises me to see anyone surprised when the State tries cracking down on Bitcoin being used privately. It’s slightly surprising that Bitcoin isn’t banned yet.
Every country that bans it will see a brain drain, a loss of tax base, and find themselves begging for scraps of innovation from the tables of their former colonies. It’s happened before. It’ll happen again.
Plus, the US gov tries to keep a veneer of non-tyrannical appearance by not explicitly banning things. Instead they impose onerous regulations to the point of a practical ban but where they can say “not banned, just have to follow the common sense regs!”
Man - I was at an airport in Australia yesterday. None of the food vendors I visited accepted cash. 🤯
Theme parks are almost all cashless now.
cash is ceasing to be a good money broadly speaking. It’s much less about governments wishes than people simply ceasing to use it in favour of an alternative. Both merchants and customers. Most people are making the typical choice of convenience over all else.
