Oddbean new post about | logout
 do people really ask that? 
 Yes actually. There is a sadly significant part of the normie population that literally thinks the govt in inherently trustworthy and  that software is scary blackbox voodoo.

Just today Gensler made almost this exact argument as if the fact that the dollar is "supported" by the central bank and govt is the reason its inherently, and permanently, better than Bitcoin.