A very different and far less fortunate kind of cycle... :-(
Specific cycles are crucial for emerging money: "Collectibles often circulated in specific cycles that avoid sinks." https://archive.fo/TEF3E "store-issued scrip ... circulates through a complete closed cycle: store --> supplier --> workers --> store." https://unenumerated.blogspot.com/2015/07/the-greek-financial-mess-and-some-ways.html …
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Nick, thank you for all you’ve done. My main question is what’s to stop nations from buying bitcoin?
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love the kula ring article, do you have more on this?
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