Bitcoin is Venice

“Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally  defined as  a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?” – Allen Farrington

Today’s amazing read simply needs to be listened to. Bitcoin is Venice , a continuation of the Wittgenstein’s Money series from Allen F. Don’t forget to follow Allen on Twitter & Medium .

Check out the original article below to drop applause and check out Allen’s other amazing work:

Audio for his other recent piece, Wittgenstein’s Money (And other article mentioned in the show) can be found below:

Follow up to Wittgenstein’s Money – Guy’s Take #40:

Bitcoin is Worse is Better:

Walking Tall – Guy’s Take #36:

Hayek’s Use of Knowledge in Society:

A huge Thank You to the Bitcoin Audible Sponsors:

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