[jl2718]

FedCoin will not be POS. It already exists on the Eagle Cash system we used in Iraq and Afghanistan. It’s a bearer token signed by the treasury.

Professional economists have been and continue to be three generations behind reality in their discipline. Ask them today what gives the dollar value and they’ll sound like Do Kwon talking about UST: “well, we trade bonds to stabilize the value, and also we have all this gold to back it up in case anything goes wrong.”

You’re right that Bitcoin has no guns. The question is what happens in a regime change situation, which seems to be very likely in a certain part of the world.