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  • would be interesting if and when and if we'll even know if something like the Fed starts to buy Bitcoin because that would be interesting.

  • It would be, it could trigger uh the author safety in a moose, who were the Bitcoin standard, he calls this a reverse bank run that if, if it is disclosed that a central bank is acquiring Bitcoin, it will trigger this, you know, fever pitch for other central banks to do the same.

  • Um and again, they all have access to currency production so they just print currency and buy Bitcoin.

  • Um That could be the end game for for what Bitcoin is called Hyper Bitcoin Ization, which is kind of like, it's like an anti hyperinflation right?

  • Instead of the currency depreciating the worthlessness.

  • This is Bitcoin, appreciating to global money.

  • That sounds a little scary to that sounds like it ends kind of bad too.

  • Well, I mean, the other thing we didn't get into this a lot today, but Bitcoin radically disincentivize is violence because it can't be stolen again.

  • The rules can't be changed.

  • So there's no incentive to try and monopolize, you can't monopolize Bitcoin so there's no incentive to try to do.

  • So it's really expensive to steal.

  • If not impossible to steal if you custody it properly.

  • So when Hitler invaded Poland for instance, the first place he went was the central bank to raid their gold, Right?

  • Because war is expensive and you need the gold to pay your bills.

  • Well, if we're on a Bitcoin standard, Hitler raids the polish central bank, there's nothing there.

  • So there's no carrot for warfare even.

  • Um, so although this is where I'm kinda have dissonance, right?

  • I think there's a lot of turbulence and transition, but the longer term outcome is violence, coercion, compulsion, radically dis incentivized, and then strategy becomes the only wealth acquisition strategy, then becomes productive long term fruitful cooperation.

would be interesting if and when and if we'll even know if something like the Fed starts to buy Bitcoin because that would be interesting.

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WHAT IF THE FED BUYS BITCOIN? - Robert Breedlove

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    林宜悉 posted on 2021/12/06
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