gunson on Nostr: I don't think it will ever be obvious enough that the dollar is unbacked. I know it's ...

I don't think it will ever be obvious enough that the dollar is unbacked. I know it's a statist argument, but it's somewhat true that it's backed by the US economy and their ability to collect taxes in the USD - that will always drive (fiat) demand for the USD, even if it's now partly backed by BTC. They just don't need to solve the entire debt problem in one go, just get it down a bit or change the trajectory. Ultimately this still involves inflation and more Bitcoin adoption, and maybe in the much longer term the dollar succumbs to Bitcoin.