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clock Created with Sketch. 03/03/25
20:13
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Originally posted by BullishBearish:
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I've still not seen a coherent answer to the question of how something can claim value from scarcity when quite literally anyone, anywhere, anytime can create a competitor to bitcoin, other than first mover advantage btc has zero competitive edge. Also while we're at it, for a country to have a Sovereign Wealth Fund the country requires to actually run a current account surplus which the US does not have (biggly). Therefore they have no ability to fund the SWF, which begs the question, what game is the US administration playing? I have a theory based on what I've read / heard / observe / speculate that both the BTC reserve and SWF are a slight of hand for their real intention, retire large amounts of US debt. But how? Turns out it's already happening.
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I like your line of thinking here in regards to the debt issue.
(20min delay)