Fiat system
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X @Nick Szabo
Nick Szabo· 2025-11-08 05:59
RT Tony | thebitcoinway.com (@V4BTC)⏰ Bitcoin was created to replace the fiat system, not to depend on it. When you use tradfi services built around Bitcoin, like borrowing against your coins or taking out Bitcoin-backed mortgages, you’re keeping the old system alive and exposing yourself to serious counterparty risk. That risk WILL be used against you when it matters most.Bitcoin is money. Use it peer to peer. Encourage others to do the same. Urge merchants and business owners to start accepting it instead ...
Why Banning Bitcoin Became IMPOSSIBLE in the US
Bitcoin Bram· 2025-09-13 13:00
Bitcoin & Digital Asset Market Analysis - The US has a strategic advantage in Bitcoin individual holdings and Bitcoin businesses, which the government should mirror at the nation-state level [4][5] - There's a debate on the accuracy of Bitcoin ownership figures, with estimates suggesting 10-15% of US citizens (37 million to 50 million people) hold Bitcoin [7][9] - The launch of a Doge ETF signals a potential "end game" scenario, reminiscent of 2016-2017, driven by monetary incentives and a green light from the administration [16][18][19] - Tokenization of assets, including stocks and ETFs, is expected to increase, potentially leading to a boom-and-bust cycle and increased regulation [24][25][36] - CBOE plans to offer continuous futures for Bitcoin and Ether, indicating the integration of digital assets into global economies [39] Geopolitical & Economic Implications - Stablecoins are seen as a tool for extending dollar hegemony and control over global markets [38] - Central banks are exploring Bitcoin as a reserve asset to strengthen resilience against sanctions risk [103][104] - Some countries are adopting crypto reserves, while others may opt for different digital assets, similar to the historical gold vs silver standard [97][107] - The US Treasury Secretary is criticizing the Fed's monetary policy, potentially signaling a power grab and an endorsement of hard assets like gold and Bitcoin [136][137][139] - Major US companies are going bankrupt at the fastest pace since the global financial crisis, reflecting a bleaker economic reality than official narratives suggest [133] Bitcoin Adoption & Utility - Open-source freedom technologies like Bit Chat are being used for coordination during social media bans and government crackdowns, highlighting the real-world utility of decentralized tools [73][74][75] - A Nobel laureate economist predicts Bitcoin will become worthless, reflecting a resistance to rethinking established economic principles [111][112][116] - Bitcoin is seen as a parachute for the plane crash of fiat currency, with some anticipating a polarization where some blame the collapse on the Fed while others blame Bitcoin [125][126]
askARK What Would Be The Biggest Catalyst For Bitcoin Adoption?
ARK Invest· 2025-07-09 14:46
What would be the biggest catalyst for Bitcoin adoption by individuals. The way I kind of like to think about this is a lot of people would say something like Bitcoin becoming legal tender in the US or hyper bitcoinization. But the biggest driver in my opinion would be something of a financial crisis or something that forces people to look for assets outside the fiat system.If you think of the origin of Bitcoin in the Genesis block, Satoshi embedded a message that was referencing an article from the Times a ...