Im not sure of the rant you're going on. There is no argument that the govt is adopting bitcoin over the dollar. Its a private value store that can be transacted with as they wish.
-- Posting my response to below here since I hit a max:
Thats a perception and its not econ 101. If you take the feds balance sheet and divide it by the SPY, its flat over the past 10 years. Inflation does not drive growth. Production in the US is not up. Only the numbers are. Zimbabwe stock market is a top performer. Their production is trash.
You could make the argument were in the drowning phase as deficits widen relentlessly and asset prices are going parabolic.
I have heard basically nobody suggest the US govt is going to adopt bitcoin as the standard currency. Value store is the dominant narrative.
> There is no argument that the govt is adopting bitcoin over the dollar.
On the contrary, roughly 75% of the time this topic comes up I see bitcoin supporters absolutely advocate for that.
If you’re going to argue with multiple nobel laureates about their own field of expertise WRT evidence for inflation being useful, we’re done here.
[0] which it can’t partly for the same reason the U.K. dropped out of the ERM, partly because inflation is economically useful, partly because it replaces one-man-one-vote with one-computational-resource-one-vote and therefore is explicitly plutocratic instead of democratic, partly because no sane government would expose itself to the risk a different nation that chose not to use crypto would perform a 51% attack against it and the only defence against that is an arms race to control more than half of humanity’s compute resources even if that means a von Neumann manufactured Dyson swarm, partly because the transaction rate means that scale can only be achieved with intermediary layers that end up looking indistinguishable from the existing banking sector