Best article I’ve read in a long time. Following on the heels of one of the best podcasts I’ve heard in a long time @preston @Jeff Booth
Bear market content is the best!
https://www.zerohedge.com/crypto/modern-money-only-works-cheating-if-youre-long-bitcoin-or-not-long-bitcoin-read
https://fountain.fm/episode/ShOo5fcMEANFfwEPFfei
The risk identified in the article for Bitcoin is invalidated if the claim made in the podcast are true. It all makes me feel so bullish hunkered down for hibernation in my bear den.
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The podcast you have been asking for finally came true 😉
A delight to read this article! In the interest of interacting with other humans who read the same long-form piece, here is a thought of mine:
I feel like economists and traders put too much emphasis on the 20th century: lessons they have learned, principles they have derived. To me, our era more resembles a fall into a Bronze Age civilization, namely the Bronze Age Collapse, but in reverse. More specifically: king-priests, city-states, gods, magic, cuneiform debt and credit, sacrifice, logiclessness, folk and race, etc.
I know nothing about the Bronze Age. Is your idea that we are emerging out of one paradigm into another?
Loved it. I want to keep learning more and I pray you’re right.
“bitcoin is not here to save the world. its here because the world learned the hard way that modern money only works by cheating.”
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Yes, exactly
Is Hugh Henry on Nostr? He’s a good writer. ✍️
I don’t think so. I’d love to see him on here and on some Bitcoin podcasts.
In that case I agree. I think the next stage of evolution may be upon us.
Interesting article about human nature and how fiat was used in financial crises. If only the humans didn’t create the circumstances needed to use this elastic money in the first place