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6 sats \ 1 reply \ @Solomonsatoshi 14h \ parent \ on: China’s Industrial Policy: Ambition, Inefficiency, and a Cautionary Tale Politics_And_Law econ

Where did the petrodollar gain its power?
In dominating global MoE...via SWIFT.
Based on USAs global economic and trading dominance (post WW2) and military dominance, until Hormuz.
Bitcoin MoE is almost zero.
It has been cornered into a harmless role as a speculative commodity.
Get it yet?

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6 sats \ 0 replies \ @coffeebadger 14h

Bitcoin achieved military dominance at inception. It's in the design.

I don't care how the petrodollar did it. Historical analogies aren't applicable to new paradigms.

It has been cornered into a harmless role as a speculative commodity.

You have everything backwards. The US government has been captured by Bitcoin.

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