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.
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Blockchain-implemented fine-grained Whuffie?
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Interesting, you don't happen to have long form content on this? :)
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Completely agreed, this “trend” of cryptocurrency and blockchain bringing compute to a paperware technology is important though, because now we can embed risk-management functions and the like within the money itself. (Well - theoretically at least.)
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Publishing a protocol for this.
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Against the Gods is a terrific book on the history of risk. https://www.goodreads.com/book/show/128429.Against_the_Gods …
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Hm, it's not "money" so much as specific investment paths and monetary travel then, yes? Either it'll work out via social change (people will wise-up) or law and regulation. Like tech/security, it's about mitigation not prevention.
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There've been much worse derivative markets and snake-oil investments in years past...but grass roots lobbying has now opened those up to visibility and lower income individuals, to their own detriment.
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So why not crypto?
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