cryptobanking

Bitcoin is not money.

Today, the eurodollar system, is the money that is scalable and can expand and contract based on global collateral and demand.

Bitcoin and its constituency keeps selling this idea that people will buy their bags, without understanding most money in circulation is debt.

You can't generate a new financial system today with everyone buying it with debt. The dollars will simply increase in interest rates.

Bitcoin is not money.

Today, the eurodollar system, is the money that is scalable and can expand and contract based on global collateral and demand.

Bitcoin and its constituency keeps selling this idea that people will buy their bags, without understanding most money in circulation is debt.

You can't generate a new financial system today with everyone buying it with debt. The dollars will simply increase in interest rates.

https://youtu.be/xC-yORvR-bM?si=qgRm1F_vCdIiXlS7

Bitcoin can be financial money

Not replacing bank liabilities in consumer payments but replacing gov liabilities in money markets

New economic hyperstructures and city states
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Current: 👹
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Ex. Product @SetProtocol, @indexcoop, @goldfinch
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Ex. VC @drapervc

You'd have to somehow get all the countries to agree to destroy their local currencies, or at least admit their currencies are already destroyed though!

Replacing is incorrect, but complementing seems accurate.

You don’t think BTC can ever become HQLA?

I'm a stablecoin maxi. We have a HQLA. Its called dollars and no one has enough of them 😂