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#293: Bitcoin and the Looming US Fiscal Crisis with Avik Roy

TFTC: A Bitcoin Podcast

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I Don't Think That It's an Unreasonable Concern or Fear

Technology is always moving in a way that makes old forms of power, a hard power, obsolete. And bit coin exists now. There's no putting that genie back in the bottle. Your the swift system is never going to be as effective as it was prior to two thousand eight because technil technology has made the swift system obsolete. It is made the sanctions regime, regime increasingly obsolete. So you can't just wish away the new world in which the internet of money exists, just like you can't wish away the existence of emal. If you're an a thortearing country that wants to control everything that your citizens do, what you really want is a central bank dosual

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