{"type":"rich","version":"1.0","title":"DownWith ₿ig ₿rother wrote","author_name":"DownWith ₿ig ₿rother (npub1qc…7j582)","author_url":"https://yabu.me/npub1qc68n4duj96ajqa4kpjy76h57fxhtl5sws7u00p37s6h3ze4lwnqt7j582","provider_name":"njump","provider_url":"https://yabu.me","html":"\n“Is it ironic that the asset created to resist fiat is now being used to save it?”\n\nThis question keeps me up at night.\n\nI’ve been working quietly on a project that explores this very shift, how Bitcoin, born as freedom money, is now at risk of being wrapped in a new financial apparatus: strategic reserves, institutional custody, and most urgently, stablecoins like Tether that tether (literally) Bitcoin’s value to U.S. debt.\n\nSusie’s Forbes piece Is Trump’s Strategic Bitcoin Reserve a Threat to Freedom? is a sharp and timely look at what this co-option could mean.\n\nOne idea I explore in my private thesis:\n\n“If Bitcoin becomes the foundation of a new system but the dollar remains the unit of account, then Bitcoin hasn’t replaced the system, it has been absorbed by it.”\n\nThe question is:\nDo we get a Bitcoin standard, or a digitised version of the old regime with new branding?\n\nOpen to hearing thoughts from others working through this.\nWhat can be done, practically and philosophically, to keep the ethos alive?\n\n#Bitcoin #Tether #GameTheory #Sovereignty #WrappedInTheDollar"}