The Forgotten Virtues of Sound Money
Bitcoin increases historical memory.
Cash deletes it.
That difference matters.
Bitcoin behaves like digital gold with a memory problem.
Every unit carries baggage. Some of it invisible. Some of it enforced.
Money that remembers becomes conditional.
Money that forgets stays neutral.
Private digital cash would be something else entirely.
Different design. Different risk. Different social contract.
Really interesting!
Bitcoin increases historical memory.
Cash deletes it.
That difference matters.
Bitcoin behaves like digital gold with a memory problem.
Every unit carries baggage. Some of it invisible. Some of it enforced.
Money that remembers becomes conditional.
Money that forgets stays neutral.
Private digital cash would be something else entirely.
Different design. Different risk. Different social contract.
Really interesting!