brock on Nostr: I only see the value of the downside risk protection on a < 4 year timeline. Most of ...

I only see the value of the downside risk protection on a < 4 year timeline. Most of these bonds getting issued would be 10+ years (where we see the current weak auctions). And once the bitcoin is validated as a storer of value in action vs. the increasing rhetoric, that math gets even stronger for Bitcoin’s superior storer of value. As soon as bitcoin bonds are actually on offer by a global superpower, it’ll obsolete the concept of bitbonds.