I think the "fiat collapse" looks like the current situation. The end game is either a Great Depression or hyperinflation. It's too early to tell which one it will be, but I have 38 trillion reasons to suspect Weimar Germany style hyperinflation.
From my perspective, Strategy has billions in debt that is backed by Bitcoin. The US government has 38 trillion in debt backed by a military that has not one a war in 80 years. Now they think they are stablecoin geniuses. There is real demand for them and even Jamie Dimon knows cuckbucks on a blockchain are faster than 3-5 day ACH transfers...But the plan is to increase the debt to GDP ratio.
That's the type of shit that ends Republics and I'm pretty sure Saylor is smart enough to know this. I just think Satoshi is smarter than Saylor.
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network."
-- Satoshi Nakamoto.
Strategy relies on Trusted Third Parties. The biggest trusted third party is the USG with a 38 trillion debt. This makes Strategy an easy Honeypot for a bitcoin 6102 order. Maybe the current administration would never do this, but who knows if that will be the case in 10 years and another fiscal emergency.
Strategy doesn't use digital signatures so the main benefits are lost. This is why I want to get into Cybersecurity. Strategy doesn't need to trust Coinbase. They should use MiniScript and insurance to help mitigate the 6102 risk. Anchor Watch custody for that much Bitcoin makes way more sense than Coinbase.
Now I just need to convince them.
