Thank you so much for distilling our dysfunctional society so succinctly. I have read hundreds of essays which have dissected the various topics but it's wonderful to see it all pulled together. Certainly deserves to be forwarded to everyone I know.
Your insight about connecting these seemingly separate systems is exactly what I hoped to convey with this piece. When we see how all these systems interlock, their full spectrum dominance comes into focus - each fiat system reinforces the others.
bitcoin/crpyto/stablecoins/smart contracts are another fiat system - wish you'd have said gold or silver, but nevertheless your piece is excellent - bravo!
technically bitcoin is not fiat. Fiat means enforced by decree - if you live in the UK you are forced by law to pay in Sterling for example. Nobody is forced to use Bitcoin and it has no centralised issuer either, which makes it more like gold - at least while the power grid works.
Thank you so much for distilling our dysfunctional society so succinctly. I have read hundreds of essays which have dissected the various topics but it's wonderful to see it all pulled together. Certainly deserves to be forwarded to everyone I know.
Thank you for the kind words, Alison.
Your insight about connecting these seemingly separate systems is exactly what I hoped to convey with this piece. When we see how all these systems interlock, their full spectrum dominance comes into focus - each fiat system reinforces the others.
bitcoin/crpyto/stablecoins/smart contracts are another fiat system - wish you'd have said gold or silver, but nevertheless your piece is excellent - bravo!
technically bitcoin is not fiat. Fiat means enforced by decree - if you live in the UK you are forced by law to pay in Sterling for example. Nobody is forced to use Bitcoin and it has no centralised issuer either, which makes it more like gold - at least while the power grid works.