This is the third and final installment in this series.
Part I & Part II are required reading. Now, we move onto the dragons.
Dragon #1: The Leviathan Wakes
The single greatest risk to the Bitcoin thesis has always been, and will always be, the “Elite” in control of nation-states.
For the last century, governments have enjoyed a privilege that kings and emperors of old would have killed for: a total monopoly on the creation of money.
Think about it: the ability to print currency is the ultimate superpower. It funds wars, bails out banks, papers over political promises, and projects power across the globe. It is the financial bedrock of the modern state.
And then along comes Bitcoin, a system designed, from its very first line of code, to render that superpower obsolete. Bitcoin doesn’t ask for permission. It doesn’t register with the treasury. It operates in a parallel financial universe, one with its own rules, its own truth, and its own monetary policy set in stone. To a government, this…
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