What continues to be missed by Mauldin and others is that any sound money construct has to be contained wholly within itself with zero external dependencies.
yes, Bitcoin is a
Self Contained Financial Systemi still think you break that financial system by allowing an offramp to SC's.
That seems to be the core disagreement, and I don't believe that SC's do break that aspect. Jumped back in after switching to silent observer for a while since I thought we were taking a break from SC for now. But if not then I'll try to reply on this tonight. Day job is killing me recently.