Just read the foreword by @nntaleb and chapter 1 of The Bitcoin Standard by @saifedean. I was going to read other books concurrently, but now I want to finish this fast to really get into his mindset. So far, I like how he's using 1st principles to explain the history of money.
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Done with chapter 2 of the Bitcoin Standard. Even if you have no interest in Bitcoin, it's worth reading this just to understand this history of money, and why we no longer use beads, shells, etc. Also the comparison of Rai stones to Bitcoin was fascinating.
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"The history of China and India, and their failure to catch up to the West during the 20th century, is inextricably linked to this massive destruction of wealth and capital brought about by the demonetization of the monetary metal these countries utilized."
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Reading
@RayDalio while back, I had the suspicion that altcoins are nothing more than the expansion of the credit market. Seems like chapter 3 of The Bitcoin Standard confirms this.3 replies 6 retweets 19 likesShow this thread -
Finished chapter 3, will take a break now. I see why
@saifedean is so passionate about BTC maximalism now. Altcoiners want innovations detached from a historical perspective.@saifedean looks at the long run rise and fall of civilizations and the correlation to money.4 replies 5 retweets 33 likesShow this thread -
I wonder if
@Peter_Turchin or anyone else at@sfiscience studied the relationship between currency hardness and the rise and fall of civilizations from a cliodynamics perspective. And are we too late in the cycle to reverse the trend with Bitcoin?2 replies 1 retweet 17 likesShow this thread -
Resuming my reading of The Bitcoin Standard. I have questions: Going off the gold standard prolonged WW1, but isn't this basically prisoner's dilemma? Once 1 country goes off the gold standard to gain a tactical advantage, aren't the rest of the countries incentivized to follow?
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Side thought: Was Nietzsche a Keynesian? "Ye shall love peace as a means to new wars—and the short peace more than the long. You I advise not to work, but to fight. You I advise not to peace, but to victory. Let your work be a fight, let your peace be a victory!"
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When people bring up Nazis, they say the Nazis misinterpreted Nietzsche, but nobody ever talks about their Monetary Nationalism. Perhaps what people criticize about nationalism is really Monetary Nationalism?
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Italy, Austria, and Germany lost more currency value than the Allied countries in WW1. They were screwed over by the continued Monetary Nationalist treaties. Had they gone back the gold standard, WW2 could have been prevented?
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bc countries on the gold standard did much better 
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