kiwi's avatar
kiwi 1 week ago
Bitcoin will succeed in both directions; Bitcoin for the remnant, P2P digital cash that is scarce. Bitcoin for the NPC, stablecoin proxy on top, issuer buys USTs & sweep profit into Bitcoin which will be taxed later, Bitcoin becomes a neutered reserve asset that requires KYC / AML and permission to use for these people.

Replies (2)

kiwi's avatar
kiwi 1 week ago
Yep! The remnant and the NPC will both (inadvertently or explicitly) use it.