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@ garagebob
2025-06-15 06:50:30Bitcoin probably won't stop (some) govnts borrowing to fund fanciful adventures. But a govt (and indeed anyone) borrowing a scarce asset must surely be in the throes of decline and doing so would only accelerate that decline. Prudence and forward planning would be the primary concerns of govnts under a scarce asset standard. Old ways would be dispensed with and new political frameworks developed. Would be eye opening.