[ExI] Sell your Bitcoins!

[Keith Henson]

On Sun, Jun 7, 2026 at 4:35 PM <spike at rainier66.com> wrote:

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> *From:* Keith Henson <hkeithhenson at gmail.com>
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> >…The treasury cannot print counterfeit cash by definition….
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> They can only print what is covered by sales of T-bills.  Real money
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No money is real money unless you are talking about silver and gold or
other things with value. Even there, money is a shared belief rather than
something tangible.

Legal or not, if the treasury printed it, it is not counterfeit. Only
unauthorized private parties can do that. But thinking about it, people can
mine bitcoins. Is tht counterfeit?

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> If no one will buy the teebs, they must offer higher interest to
> incentivize investors, which might be where John was getting that notion of
> money printing being inflationary.
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Countries that did print lots of money had a heck of a lot of inflation,

If everyone owned a fabricator which would make anything you want, that
would about take care of commerce.

In any case, a former economic advisort explains everything thus:
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> https://www.youtube.com/watch?v=1Fj0zRmEWYc
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> >… Nor do I understand how things will work out after the  singularity
> rolls over everything…
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> Ja, I am with you there.  AI might disrupt commerce to where the treasury
> printing money doesn’t have much effect.  We still need electronic
> communications to support modern commerce.  We do not have the option to
> returning to paper money.
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> It might be that the singularity just kills everybody, as Eliezer has been
> warning for decades.  But what I lie awake worrying about is if it
> doesn’t.  Then what?
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> If we are alive, we will find out.

Keith

> spike
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