His most important argument is that bitcoin (or any crypto) can’t be and shouldn’t be cash, not less than in our present capitalist system. This hinges on his declare that states will need to have the ability to print and destroy cash to deal with black swan occasions like Covid.
For context he’s largely anti-state and agrees that crypto is a revolutionary and helpful expertise.
For me I’m unsure he’s fallacious. However, the ‘out’ he presents is {that a} change in political ideology, to one thing extra democratic, means it could possibly be.
Do folks right here suppose that bitcoin (or doubtlessly one other cryptocurrency, even one that doesn’t but exist) may probably result in this transformation?
Or do you suppose he’s simply fallacious and that bitcoin could possibly be democratic cash in a capitalist system?
submitted by /u/Dramatic-Battle-9737 [comments]
Source link