[bee_rider]

I don’t think bitcoin is some sort of intelligence thing, Occam’s razor, it is probably just a dude. I mean, what was his big feat of secrecy? Writing a paper needn’t necessarily leave a big footprint.

But! Bitcoins are too clunky to threaten the federal reserve really. And, a system that is widely understood by laymen to be anonymous, but is actually pseudonymous and inherently traceable, seems like Christmas for intelligence and police organizations.

[spaceman_2020]

The funny thing is, crypto is actually good for the dollar.

USDT/USDC are far easier to acquire than actual USD in third world countries. There’s a separate economy built up in Africa, Phillippines, etc. that operates entirely on USDT.

You can see this in the price of USDT vs USD in these countries - USDT commands a premium.

Crypto via coins like USDT means that Nigerians increasingly want to work for USDT, not Naira. Bad for Naira, good for the USD

[Breza]

Tether has to be backed by USD-denominated reserves for that to work. If it's actually backed by something else (or nothing) then all that value is going somewhere other than the dollar

[elif]

Silver (#8 asset in the world) is also "clunky" but it is close to being surpassed in market cap by Bitcoin (#10 asset in the world).

A large part of that value is derived from a market cap based upon the stability created by the dormant coins, like gold sitting dormant in fort knox used to stabilize the USD value.

It really does seem like an intelligent design passes Occam's razor more than "oops i conveniently formatted that harddrive then disappeared"