Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Bitcoin and Keynes Plan
by
mv1986
on 28/07/2021, 07:22:09 UTC
⭐ Merited by The Pharmacist (4)

Exactly, I like the term super or maybe even supra-sovereign currency. I sent you a PM. Check out the paper about system's theory. I have read a couple of other papers that might be more precise rhetorically, but just to show you a simple graphic that describes my thoughts.

Bitcoin's transformative power also lies in its ability to induce global isomorphism. If you think about Bitcoin as a bubble being next to the fiat system bubble, Bitcoin will create a pull effect that absorbs the fiat system bubble into its own bubble, with Bitcoin itself turning into a higher order structure according to system's theory as outlined in the paper I shared with you.


Hello, thank you very much for your recognition of my articles. I will carefully read the PM you gave me later, and then reply to you. Super sovereign currency is also a word I like very much. My next article is about whether Bitcoin can become a super-sovereign currency. I firmly believe that Bitcoin will become a super-sovereign currency, and with Bitcoin as the center, a new human civilization will be reconstructed. This has always been the direction I have explored over the years, and it is also the direction of my next practice.



When you check out the paper about system's theory you will get my idea about Bitcoin rather being a global frame/framework rather than the center of events. Bitcoin may not be the most used currency in the world, but it might become the most influential currency in the world. There are interesting parallels to be explored concerning Bentham's theory regarding the Panopticon. I have started to write something down, but haven't really done much more than extensive research so far.

The super-sovereignty as you call it has a guard function for the global economy consisting of a network of national fiat currencies. From system's theory perspective, Bitcoin could create competition not only between Bitcoin one the one side and fiat currencies on the other, but also among fiat currencies themselves. Governments need to practice sound monetary policy in order to compete with other national currencies. As an end result I see improved economic equilibria as a potential outcome.