/1 Bitcoin and the dollar are symbiotic. Like yin and yang they provide balance.
The path to hyper-bitcoin-ization will be paved with credit-based, #BTC-backed dollars. Specifically, permission-less, KYC free, Bitcoin backed stablecoin loans at 0% interest via DeFi. Thread 🧵:
/2 In 2014, @PierreRochard wrote Speculative Attack; aka "sell your chairs", long bitcoin, short dollar! He advocates borrowing depreciating dollars to buy appreciating Bitcoin. In this context, the dollar could be an amazing HODL…as long as it's a _liability_ on your B/S.