The Importance of Reliability in Bitcoin

Bitcoin is an asset that has a different counterparty risk profile than traditional assets. It's not just like the conspiracy theorist TM, Bitcoiners that are saying this stuff. The IMF was coming out in 2011, right? They said there's really no way out of this other than we have to steal implicitly from essentially the pensioners and the people that hold government bonds. This doesn't account for the compounding effect of high interest rates. That's going to continue to run off balance sheet deficits.