Tim Bouma on Nostr: Finished reading LynAlden ‘s masterpiece #BrokenMoney. My two key takeaways: 1. ...
Finished reading
LynAlden (npub1a2c…w83a) ‘s masterpiece #BrokenMoney. My two key takeaways:
1. Speed of transaction versus speed of settlement: Increasing mismatch has caused major imbalances,
combined with
2. Discretionary monetary rulesets that work in a local context eventually break down in a global context.
Together, these lead to ‘broken money’ sooner (like now) than later.
Published at
2023-08-31 13:01:22Event JSON
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"content": "Finished reading nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ‘s masterpiece #BrokenMoney. My two key takeaways:\n\n1. Speed of transaction versus speed of settlement: Increasing mismatch has caused major imbalances, \n\ncombined with\n\n2. Discretionary monetary rulesets that work in a local context eventually break down in a global context.\n\nTogether, these lead to ‘broken money’ sooner (like now) than later. https://cdn.nostr.build/i/84af640a9276ec19ed0f27cd0fbbaa0417e0ed2580dbc56eb3c6394eef9e4418.jpg ",
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