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The Beave | 4 months ago (raw) | root | parent | reply | flag 
 Yup. Those are some concerns I have. My biggest is that CBDCs would put limits or completely cut off easy fiat to BTC on ramps, completely cutting off billions from BTC.
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matta | 4 months ago (raw) | root | parent | reply | flag +4 
 #Bitcoin is a lot of things to a lot of different people. To me, it is pristine digital collateral with a clear global ledger. 
It's an asset that has no liability—the only liability is losing your private key, but no one else holds a claim to this asset except the holder of those keys.

That is what makes it the perfect asset for large-scale global settlement. #Bitcoin is ideal for nation-states that do not trust each other’s monetary practices.

HODL
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The Beave | 4 months ago (raw) | root | parent | reply | flag 
 Except that they can't control it easily or subvert it to come out ahead. Nothing that's been done globally in the monetary system shows any willingness to use sound money on any form.
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matta | 4 months ago (raw) | root | parent | reply | flag +4 
 Not a popular opinion: 
but I do believe there is a non-zero chance that the NSA created Bitcoin for this exact Fourth Turning purpose.
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The Beave | 4 months ago (raw) | root | parent | reply | flag +2 
 I've thought about that a bit. The only issue I have with that is that it doesn't allow for the amount of control that they typically aim for. It's too stabilizing, too air tight, with the only think I can think of being a vulnerability is is they know that over time they will be able to acquire most of not all BTC for themselves.