Ricky Zhang | Age of Abundance

Why did El Salvador walk back its Bitcoin law?

Bukele needed an IMF deal.

The library that teaches Bitcoin was funded by China.

Even a Bitcoin president plays the old game.

It's how you deliver the new one.

Your checking balance isn't money you own.

It's money the bank owes you.

If every account holder tried to withdraw at once, the cash wouldn't be there.

Fractional reserve banking only works if most people never ask.

Nothing is certain but death and taxes.

That was true for a season...

Bitcoin fixes money, AI makes intelligence cheap, scarcity is ending - every inevitability we called permanent is up for renegotiation.

Taxes are first on the table.

Bukele has to play the old game to seed the new.

El Salvador's Bitcoin library runs on Chinese money: the IMF deal is why Bitcoin isn't legal tender anymore.

That's not a sellout, it's how transitions work.

Build strength in the old system, then carry it to the new.

2% inflation sounds like nothing.

That's why it works. That's the whole point.

Small enough to ignore - steady enough to move wealth every year to whoever gets the new money first.

That isn't economics, it's a skim.