Saylor’s Triad includes Cardano?

A New Pillar of Global Financial Security

The inflection point in this transformative journey stems from recognizing the crypto dollar as more than a mere digital currency. It represents digital property backed by robust property rights, ethical considerations, technical and economic soundness.Most importantly, it is an instrument of economic empowerment. Experts are increasingly recognizing the importance of building digital currencies on strong blockchain platforms like Cardano. This approach supports the idea that these currencies can help people achieve greater financial independence.

Signs of Broad Adoption

The winds of change are evident in the increasing mainstream media coverage over the past four to five years. Many political candidates now weave pro-crypto policies into their campaigns, signaling a shift in national economic strategies. Moreover, discussions around establishing a Bitcoin reserve to address national financial obligations hint at deeper, more structural economic integrations.

Strategic Policies for Adoption: “Saylor’s Triad”

Saylor suggests three key strategies to help Bitcoin become widely accepted by institutions, such as banks and large companies.Saylor advocates for a triad of strategic policies to anchor Bitcoin’s institutional adoption:

1.Recognition of Bitcoin as an Institutional-Grade Asset: This involves endorsing Bitcoin-focused financial products like spot ETFs, though challenges remain with the current SEC’s regulatory stances.

2.Revising Tax and Accounting Standards: Current tax treatments of in-kind transactions and the lack of appropriate accounting for indefinite intangible assets (like Bitcoin) under current guidelines, hinder its broader acceptance. Adjusting these can reduce tax inefficiencies and reflect the true value of digital assets on corporate balance sheets.

3.Regulatory Adjustments for Custody and Utility: Allowing banks to custody Bitcoin would catalyze its acceptance by enabling conventional banking services like loans and savings, transforming Bitcoin into a practical, yield-bearing asset.

From Policy to Practice: A Timeline

Saylor projects that these developments could unfold over the next three to four years, leveraging Bitcoin’s historical appreciation to empower average individuals financially. He uses the collapse of banks like Signature and SVB as cautionary tales of what happens when policies stifle innovation, critiquing these actions as dictatorial rather than democratic.

Towards Decentralized Governance

The broader vision extends beyond financial reforms to a reimagined governance model as championed by Charles Hoskinson. By juxtaposing the libertarian ideals of individual freedom with the capabilities of blockchain technology, a new form of governance emerges—one that is inherently meritocratic, libertarian, and decentralized. This model, underpinned by the principle of “Can’t be Evil,” made famous by Charles, contrasts sharply with traditional forms of government which operate on the “Don’t be Evil” mantra.

In conclusion, the path towards a crypto dollar, as advocated by Saylor and Hoskinson, supported by emerging technological and regulatory shifts, represents not just a financial evolution but a societal revolution. It champions a system where equality, opportunity, and financial empowerment are accessible to all, anywhere across the globe, marking the true beginning of what could be the most significant financial innovation of this century.