good reading here https://sovereignexceptions.wordpress.com/2018/08/12/the-truth-about-theranos/ …pic.twitter.com/y9fWxG1AJi
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Ah, but that’s a special case of the same general phenomenon. The world’s most powerful state consists of individuals who tell you that a dollar is worth a dollar’s worth of not-going-to-jail-for-tax-evasion.
It’s one of several ways to coordinate the currency Schelling Point, but fundamentally they all work alike.
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