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@ Andrew G. Stanton
2025-05-12 00:27:09
Re: “Thought Experiment: Could Asset-Backed Bonds Ease Global Tensions?”
In response to:
https://www.startbay.org/blog/thought-experiment-could-asset-backed-bonds-ease-global-tensions
Mark, I deeply appreciate your vision for a more stable and multipolar monetary system. Your proposal for asset-backed bonds—anchored in gold or Bitcoin—offers a compelling alternative to the current fiat-dominated landscape.
However, I’d like to gently advocate for focusing solely on Bitcoin as the backing asset, for several reasons:
🌍 Bitcoin: The Superior Asset for Global Bonds
Borderless and Digital: Unlike gold, Bitcoin is inherently digital and can be transferred globally with ease, making it ideal for modern financial systems.
Transparent and Verifiable: Bitcoin's blockchain ensures transparent and immutable records, enhancing trust in the backing of bonds.
Scarce and Decentralized: With a fixed supply and decentralized nature, Bitcoin resists inflation and centralized control, aligning with the goal of monetary stability.
Accessible and Inclusive: Bitcoin's open network allows participation from anyone with internet access, promoting financial inclusion.
🪙 Gold's Limitations in the Digital Age
Physical Constraints: Gold's physical nature makes it less adaptable to rapid, global transactions.
Centralized Custody Risks: Storing gold requires trust in custodians, which can introduce points of failure.
Limited Transparency: Verifying gold reserves lacks the real-time transparency that Bitcoin's blockchain provides.
In light of these considerations, Bitcoin stands out as a more suitable asset for backing bonds aimed at easing global tensions and promoting financial sovereignty.
I’m eager to continue this dialogue and explore how Bitcoin-backed bonds could be implemented to foster a more equitable and resilient global economy.