1. I understand BTC on a technical level

I semi-understand BTC on a game-theory level (satoshi is a true genius)

I understand the merit behind a deflationary financial system, as Jeff Booth describes it

2. What I don’t understand is, on a practical level, how will the incumbents of the current financial system (IMF, Fed, central banks around the world) EVER allow a DEFLATIONARY world reserve currency? This is their antithesis.

3. I would imagine they would do everything in their power (and they seem to have a lot of power) to prevent this from happening. You have mentioned in your podcast with Pomp that this would require cooperation from every country involved, and that Germany would never ban BTC

4. because of its memories of the paper mark. In my opinion, it would be in all the central bankers best interest to do whatever it takes to make BTC prohibitively hard to use as a currency in order to maintain their incumbent status.

5. Do you think BTC as a world reserve currency could co-exist with a world run by central bankers? If not, do you think BTC’s current level of entrenchment is enough to overcome this obstacle?

Layer 1 is the BTC blockchain. But layer 0 is human beings.

6. If you do take the time to read and respond to this thread, thank you so much, Preston. As Ray Dalio says, I am just trying understand the REALITY so I can deal with it in the best possible way. @PrestonPysh