• Bitcoin and the Lightning Network are not enough to successfully implement an American sound money system, according to Frank Nuessle, a publishing entrepreneur, former university professor and social system architect.
• The primary purpose of money is to facilitate the exchange of value and money is our most critical baseline social system.
• To successfully implement an American Bitcoin economy, new social technologies and new social system designs need to be in place and should be integrated with Bitcoin to facilitate the exchange of value.
Frank Nuessle, a publishing entrepreneur, former university professor and social system architect, argues that Bitcoin and the Lightning Network alone are not enough to successfully implement an American sound money system. He believes that new social technologies and social system designs need to be in place and integrated with Bitcoin to fulfill the primary purpose of money, which is to facilitate the exchange of value.
Money is our most critical baseline social system and it is essential to understand why and how it works. The U.S. dollar is currently the world’s only reserve currency and its value is at risk of becoming worthless due to exponential printing. This could lead to cataclysmic disruption in the United States, which is why the implementation of an American Bitcoin economy is so important.
Bitcoin is a trustworthy technology for the electronic store of value, however, it has yet to fulfill the primary purpose of money: to effectively facilitate the exchange of value. This is why Nuessle argues for the integration of new social technologies and social system designs with Bitcoin. These new systems need to be designed to ensure that the exchange of value is successful and efficient.
Additionally, Nuessle believes that these new systems should be designed to ensure that the exchange of value works for everyone, not just a select few. This is essential in order to prevent further disruption and anger, which is spilling out all over the United States due to an economy that is not working for everyone.
In conclusion, Nuessle argues that Bitcoin and the Lightning Network are not enough to successfully implement an American sound money system. New social technologies and new social system designs need to be part of the equation in order to effectively facilitate the exchange of value and ensure that it works for everyone. If this is done successfully, it can help to prevent further disruption and anger in the United States and create a healthier economy for all.