The Fed's Kashkari recently compared Bitcoin to Beanie Babies - much like JP Morgan's CEO called Bitcoin a useless "pet rock" earlier this year. A majority of bankers and central bankers, including the Riksbank's Thedéen, exhibit comparable dislike.
Bankers and bureaucrats evidently compensate for their lack of imagination with an abundance of hubris.
But what if we think about Bitcoin based on concepts such as the "adjacent possible" (& complexity science). Then it gets much more exciting, and we end up wiser than most if not all central bank officials.
In an era of declining trust, perhaps it could be beneficial for societies to explore "trustless" systems such as Bitcoin.
When China's Zhou Enlai in the 1970s was asked about the effects of the French Revolution, he responded that it was "too early to say " - a far wiser answer than the categorical response of the soggy soothsayers at the central banks. #btc #kashkari #fed #trust #politics #bitcoin #complexity #money
You can read the full piece at Yakihonne or Habla
https://habla.news/u/enlund@nostrplebs.com/1qaf2EUr9DIYnYmXFZWZO
