His fundamental argument is that bitcoin (or any crypto) can’t be and shouldn’t be cash, a minimum of in our present capitalist system. This hinges on his declare that states should 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 undecided he’s incorrect. However, the ‘out’ he affords is {that a} change in political ideology, to one thing extra democratic, means it may very well be. Do individuals 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 incorrect and that bitcoin may very well be democratic cash in a capitalist system? submitted by /u/Dramatic-Battle-9737 |