“We live in this over-financialized world where we think money is the answer to EVERYTHING… way too much money and way too few ideas.” - Peter Thiel This reaffirms my view that despite the promise of crypto, Bitcoin will not solve all economic problems.https://www.youtube.com/watch?v=FDkhfm6CYjE …
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It seems unthinkable to many Bitcoiners that there could be *any* negative consequences of a system under Bitcoin. But to me the pendulum could certainly swing the other way. It's a very real possibility.
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Money is not equity, period.
When you park capital in a non-productive asset, it is OUT of the system completely. Decommissioned.
The non-productive asset value can only rise if it piggybacks on the success of productive assets.