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gsovereignty | 6 months ago (raw) | root | parent | reply | flag 
 That only helps if the energy producers themselves are Bitcoiners and don't need to buy anything from China etc.
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8r0ck3feller | 6 months ago (raw) | root | parent | reply | flag +1 
 I disagree. It might take a little longer for the price action to go parabolic but the USA has enough going for it via the legal system (mineral rights, etc.) that hash rate will be just fine. And if hashrate is fine, then NGU, and if NGU then People will choose bitcoin over any state or corporate sponsored asset.
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gsovereignty | 6 months ago (raw) | root | parent | reply | flag 
 NGU is a financial instrument within the fiat economy. 

If the supply chain demands fiat, then spending bitcoin simply creates demand for fiat. 

That also means offramps are more important to the market than self custody, and so most people will be using a custodian.

Custodians can rehypothecate, and very few people will care, that's the end of the 21 million cap. 

NGU = just another asset class. 

Bitcoin as a new territory of freedom is where the opportunity lies, but practically no one is using it that way.