Oddbean new post about login | logout I’m gonna be honest, I never imagined the speculative attack on fiat being turned into a group project in the form of a public stock. That is a distinct lack of imagination on my part. Kudos to Michael Saylor for seeing that so clearly.
F.A. Hayek in 1984: "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."
True. And once you see it, you can't unsee it. It's brilliant. He's figured out how to serve Bitcoin by being a conduit to it's black hole nature. He's the tradfi Pied Piper of Bitcoin, rapidly bringing locked up pools of fiat capital (fixed income) into Bitcoin that otherwise could not get into it due to charters and/or regulations. A genius approach that moves the Bitcoin timeline forward much faster. Accelerate.
