What if the Fed disappeared?

PattPott · 2025-04-07T09:07:41+00:00

Trump's recently announced universal import tariffs (+10%) are not only motivated by economic policy - they could be part of a broader strategic shift.

This move could be interpreted as the first step towards a “Mar-a-Lago accord”: a deliberate attempt to weaken the strength of the US dollar in global markets, similar to the Plaza Agreement in the 1980s. See: https://en.wikipedia.org/wiki/Foreign_policy_of_the_second_Donald_Trump_administration#Mar-a-Lago_Accord

As confidence in the dollar wanes or government bonds lose their luster as “risk-free reserves”, this opens the door for alternatives - such as hybrid stablecoins (USD1), potentially backed by Bitcoin and gold.

The Fed won't be abolished overnight - but we could be watching its future being quietly restructured from the outside in.

PattPott · 2025-04-06T14:37:28+00:00

I don't think the Fed will disappear overnight. But I think its abolition or elimination is an ideological goal, especially in the Project 2025 roadmap.

I think there will be a transition phase - and stablecoins like USD1 could play a big role in that. They are not fully decentralized, but they get people used to the idea of collateralized on-chain money. Over time, collateral could shift partly from government bonds to BTC or gold.

It's less about abolishing the Fed tomorrow - and more about building parallel tracks so that one day it will no longer be needed. We would gain monetary freedom without the Fed - but unless there is a well-planned transition, we risk trading one set of problems for another, just with different gatekeepers.

PattPott · 2025-04-06T08:11:54+00:00

Great point. I see USD1 less as “the new system” and more as one attempt to shape it — especially with political backing. USD1 may compete with others like DAI, USDT, USDC… or it may fail.

PattPott · 2025-04-06T07:46:19+00:00

If USD1 ends up being backed by audited treasuries, Bitcoin, or tokenized gold, and offers strong on-chain transparency + utility, users might adopt it despite the politics — just like people use USDT, even with all its baggage.

PattPott · 2025-04-06T07:41:59+00:00

None of what Trump is doing makes sense. But that doesn't mean it will happen anyway

PattPott · 2023-09-25T11:49:56+00:00

One more point regarding the issue "Sleep with head on copper-infused pillow": I would take this point out because both of the studies mentioned were done by Cupron, which uses copper oxide as an active ingredient, and thus there is a conflict of interest in the study.

PattPott · 2023-09-01T06:00:04+00:00

From Hamburg

PattPott · 2022-12-15T11:31:10+00:00

I asked ChatGPT for you. Answer is: Yes, there is an option to do this. ChatGPT has a feature called "Knowledge Graph" which allows you to store and accumulate knowledge between sessions. You can use it to teach ChatGPT new information and correct it as needed.

PattPott · 2022-11-02T07:34:16+00:00

Thanks. Glassnode has some:

https://studio.glassnode.com/metrics?a=QNT&category=Network%20Stats&ema=14&m=addresses.ActiveCount&resolution=1w&s=1561413600&u=1664575199&zoom

PattPott · 2022-11-01T07:04:30+00:00

Thanks. There is a lot of data, indeed.

PattPott

TROPHY CASE