Read_497 – Bitcoin is Venice [Allen Farrington]

“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:

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