CoinDesk Podcast Network BITCOIN SEASON 2: Uncle Sam Wants Your Bitcoin
Apr 30, 2025
In a thought-provoking discussion, Mark Goodwin, author of "The Bitcoin Dollar," unpacks how stablecoins could tether Bitcoin to the dollar, potentially preserving U.S. financial dominance. He warns that as stablecoins gain traction, the permissionless nature of Bitcoin is at risk. Goodwin emphasizes the need for Bitcoiners to advocate for true financial freedom rather than inadvertently empowering state surveillance. The conversation also explores Bitcoin's potential as an exit strategy from failing fiat systems and the shifting dynamics of trust in today's economy.
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Stablecoin Coalition Powers Dollar Hegemony
- Stablecoins unify fragmented financial actors into a powerful coalition serving dollar demand.
- This coalition potentially enables the US to maintain dollar hegemony via crypto integration.
Money as Energy and Exit Strategy
- Money acts as an energy system where energy input underpins real value.
- To preserve value, exiting fiat into sound money that resists debasement is essential.
Petrodollar Creates Artificial Dollar Demand
- The dollar system sustains itself by forcing artificial demand, historically via the petrodollar.
- This allows the US to issue debt widely while maintaining global economic dominance.
