Sharp reframing of the CBDC debate through a geopolitical lens. The interwar Germany dual-rail comparison is especially useful for understanding why transparent gateways matter more than the architecture itself. In alot of crypto discussions I've sat through, people treat neutrality as inherently stabilizing when the opposite might be true when deterrence breaks down. That line about weaponized interdependence as a substutite for kinetic force captures something we dont talk about enough.
I have been thinking that the future of bitcoin as a geopolitical settlement layer would not be so much a replacement to the dollar but an alternative. A way for rogue states to interact with each other and for the neutral nations that want to do business with them to trade with them.
Not so much replacing the dollar but allowing nations to route around it as needed.
Thanks for the intro. Reading the full paper now.
Sharp reframing of the CBDC debate through a geopolitical lens. The interwar Germany dual-rail comparison is especially useful for understanding why transparent gateways matter more than the architecture itself. In alot of crypto discussions I've sat through, people treat neutrality as inherently stabilizing when the opposite might be true when deterrence breaks down. That line about weaponized interdependence as a substutite for kinetic force captures something we dont talk about enough.
I have been thinking that the future of bitcoin as a geopolitical settlement layer would not be so much a replacement to the dollar but an alternative. A way for rogue states to interact with each other and for the neutral nations that want to do business with them to trade with them.
Not so much replacing the dollar but allowing nations to route around it as needed.