I’m beginning to think “money” is going to be in serious structural trouble in the next decade. It won’t be blockchain eating it, but more fundamental things having to do with risk intelligence. Fiat Classic is just too dumb for this world and increasingly a source of friction.
Conversation
Replying to
Money was designed for a less sophisticated risk environment and all the shady derivatives world is an attempt to bolt on risk management in fragile layers. Kinda like the Windows GUI on top of DOS before NT.
7
5
59

