Oddbean new post about login | logout Things are heating up. The most bullish scenario I can imagine is the major nation states of the world getting in a massive fiat pissing match while we continue to build out a bitcoin standard adopted by individuals. https://m.primal.net/HQnh.png
Gradually then suddenly
bitcoin will ONE of major % player #MULTIPOLAR trade settlements NOT THE ONLY ONE
Why would anyone use a currency the issuer can seize or debase as collateral when others are using one that’s easily custodial and of a fixed supply?
this is about sovereign "international trade settlement" "2 parties can decide" anything they like or value - can be SAND also -nothing to do bitcoin (unless that country produce nothing or small one) Oil <-> Goods both Riyal Yuan are soft pegged to dollar - only loser is dollar -doesnot mean any win for bitcoin instantly
Yeah I don’t think anyone said instantly
it makes only for smaller nations who has NOTHING significant to export to settle in "gold bitcoin or another major trade-bloc currency" large BI-LATERAL traders dnot need 3rd party currency even they know they can debase each other. so long EACH of has something use full another OIL <-> MANUFACTURE
Mandibles then #bitcoin standard.🫡
This is big. Older folks tend to have discussions around the dollar always having been the reserve currency and we’ve gone through phases like this before, it’ll be the same ending... China and the Middle East still keep using dollars, propping up the currency. This is shifting. Time to buckle up.
Hey Uncle Marty, Will inflation accelerate or decelerate if we have both a increasing supply of dolllars and decreasing demand for those dollars👀👀
Chipping away at the petro dollar dominance one full tanker at a time
