Oddbean new post about login | logout I like to think of the Bitcoin cycles as human psychology repeatedly beating itself against programmed scarcity.
Haha. There will eventually be a day when Bitcoin cycles are a reflection of our progress (or lack thereof) toward using energy to create surplus value.
An interesting thought, I’ve had similar. Some times I wonder if Bitcoin is actually too alien for humans. Like how we have built an alien environment all around us, that is unnatural for humans. Straight lines, hard concrete under feet, crowded, stress inducing. It’s alien to our brains. Perhaps Bitcoin is another manifestation.
