“The most egregious falsehood regarding economic health that is nonetheless widely believed is surely that we ought to measure it by the magnitude of goods and services consumed. This is dangerous nonsense.” – Allen Farrington
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“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
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“What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero?” – Allenf32
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You are not going to want to miss this incredible piece on exactly how far we have strayed from anything resembling “capitalism,” or even the goal of accumulating and growing the capital that improves our lives.
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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