I’ve just finished Principles Of Economics by Saifedean Ammous. I drew out the last chapter, savouring the building up to the climactic conclusion that “[t]he current parasitic governmental banking monopoly is just another in the long list of challenges human reason has faced, and bitcoin may prove to be the device our reason concocts for conquering it." It's an essential read!
#Bitcoin
If central banks used to be able to issue notes promising to pay the bearer on demand a certain amount of national currency; what’s to stop them holding Bitcoin and issuing similar notes in the future, and won’t this lead to the same old problems?
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."
Buckminster Fuller
I haves friend in TradFi who I’m trying to Orange Pill. I’ve sold him £50 worth of #Bitcoin (at £23,500 - eek!). He’s now read The Bitcoin Standard and The Price Of Tomorrow and he seems engaged in the debate. What next?