Replies (47)

Odell, I think other countries don’t trust the dollar, particularly adversaries. It would be beautiful if #Bitcoin is used for oil trades and other major purchases given its neutrality and the rest of the world can use dollars if they wish. I think this cannot be stopped.
A digital US dollar is a centralized, controlled, and manipulated currency, subject to the whims of a single government. It is a tool for surveillance, censorship, and financial repression. The US government has a long history of using the dollar as a financial weapon, imposing sanctions and trade restrictions on nations that don't conform to its interests. Do you think for a moment that a digital US dollar is any different? It is a means for the US government to exert its influence and control over the global economy, to dictate who can and cannot participate in the financial system. It is a way to strangle the economies of nations that don't comply with US interests, to impose its will on the world. Bitcoin, on the other hand, is a decentralized, permissionless, and censorship-resistant currency. It's a currency that allows individuals to transact freely, without the need for intermediaries or central authorities. It's a currency that gives people the power to control their own financial destiny, to make their own decisions about how they want to use their money. The idea of a digital US dollar was, is and will be a step backwards, a attempt to reimpose the old, centralized financial system on the world. It's a threat to the very principles of freedom and decentralization that Bitcoin represents. Satoshi would urge the world to reject this idea, to stand up for the freedom and autonomy that Bitcoin provides. So let us not be fooled by Saylor's ideas. Let's focus and choose the path of decentralization, of freedom, and of Bitcoin.
I think the most charitable interpretation is that after regulatory clarity, any US institution can issue a treasury backed USD token. In a sense, you’d have a marketplace of different tokens giving the world easier access to USD. It’s a bit better than a CBDC.
Garðar 's avatar
Garðar 1 year ago
US needs to control the money to be able to sanction. For that reson the mighty dollar needs to be centralised.. 💩
We knew all along he was a fiat maxi. Bitcoin is just his fulcrum in a leveraged play.
Toby McMann's avatar
Toby McMann 1 year ago
Let's think about this. Banks issue tokens tied to the USD, backed by US Treasuries. Yes, it drives demand for USD and, by extension UST. But, now you have everyone around the globe with a wallet on their phone and computer. And you have a bunch of angry countries whose currency just got hammered. What do you think they will do? Hmm. I don't know. Maybe they issue a token / currency backed by hard assets. What does the US do then, as price inflation rips and tears US society at the seams? The smart thing is hard money standard. You don't want to late to this party. #Mandibles
Default avatar
szarka 1 year ago
He's not wrong. The question is whether the US will embrace the principle that "USD is for enemies" in time to save itself from irrelevance. All we can do is keep building to make Bitcoin a viable alternative to continued fiat hegemony.
A bit surprising but not really unexpected behaviour from Saylor...🤔 First slamming the Bitcoin maxis and self custody, and now routing for a CBDC and stable coins... 😒 I don't think anymore that Saylor is going to be good for Bitcoin and decentralisation of wealth around the world . Incentives, incentives, incentives...
G's avatar
G 1 year ago
A very flimsy disguise
He’s right on the fact that many countries would prefer that option to their current situation. CBDC’s are inevitable but the success of them, isn’t.
He's correct. Usd stablecoins are good for usd, and thus good for the empire. It will prolong it. It has its problems and its not freedom money, but the alternative is a collapse of a lot of thing Americans hold dear.