kane on Nostr: Great point Jeff Booth this is exactly what #Bitcoin teaches and IMO is why the cycle ...
Great point Jeff Booth (npub1s05…eyhe) this is exactly what #Bitcoin teaches and IMO is why the cycle of money is continuous from sound to unsound.
Bitcoin has the opportunity to change this in a Bretton Woods 2.0 type scenario. Because as the money moves from sound to unsound (now) via additional layers and Wall Street tools, its programmable nature will all us to see the grift… the cheaters.
This allows leverage to be known or at least the risks to be understood. In a best case it prolongs the ability for sound money and ample credit to work and build a more positive society.
In a worst case, we just reset the monopoly board and are starting the same game all over again— for the next 70-100yrs.
Bitcoin has the opportunity to change this in a Bretton Woods 2.0 type scenario. Because as the money moves from sound to unsound (now) via additional layers and Wall Street tools, its programmable nature will all us to see the grift… the cheaters.
This allows leverage to be known or at least the risks to be understood. In a best case it prolongs the ability for sound money and ample credit to work and build a more positive society.
In a worst case, we just reset the monopoly board and are starting the same game all over again— for the next 70-100yrs.