Part 9/12:
Livingston coins this moment as a "genesis"—a once-in-a-century transition from paper-based debt reliance to self-sustaining, collateral-backed finance.
The End of Monetary Coercion and the Rise of Voluntary Capital Flows
As Bitcoin replaces government debt as the primary collateral, the power dynamics in global finance shift irrevocably. Countries and institutions are being compelled by market forces, not laws or regulations, to embrace Bitcoin collateral if they wish to stay competitive.
This decentralization of monetary power will redefine how the world allocates capital. The curves of interest rates and liquidity—once dictated by governments—will now be determined by free markets, driven by Bitcoin's properties.
Livingston concludes: