Conversation

unpopular opinion but there’s a non-zero chance hyperinflation and fiat collapse is a space goat problem, and Bitcoin is the expensive ritual that prevents it in other words fiat survives bc Bitcoin acts as a check on the system, but is never recognized for this contribution
Quote Tweet
Suppose I have a prophetic vision that a giant space goat will eat earth unless we do an expensive ritual. I raise a gofundme from friends and do the ritual. No space goat attacks. You’re welcome. Many real problems have this structure. Unfortunately so do many made-up problems
Show this thread
3
22
Replying to
Hmm this seems like it could be modeled. The total market cap is the size of the regulatory effect on fiat inflation absorbed. If you spread that across other assets you’d have a measure of the difference. Price would have to be far higher to have a measurable impact.