Oddbean new post about login | logout Do you think the Fiat era will last another 40 years?
I do
I didn't expect you to say that. This would mean that many of us will grow old and die in a Fiat world. That's unfortunate.
Many men who do great things do not live to see them come to fruition. George Washington never saw America become the number one country on earth. Van goh never saw starry night sky become the most valuable painting in the world. Turing never lived to see artificial intelligence pass his test. “Society grows great when men plant trees under who’s shade they will never sit”
Perhaps you can only see from the outside looking in how much America is crumbling. Unfortunately America is no longer the land of the free it is a stain on the world it needs to and will fall and with it the dollar that has funded and enabled this evil and corruption. Nothing can stop the collapse of the dollar at this point its a mathematical certainty... and it can't come soon enough. Constantly putting the good people of the world at risk with their war machine. World is sick of it. Their are millions of great people in America who can and who will rebuild on a bitcoin standard but this current system is done HODL and absolutely no chance does is survive another 40 years. Stamp it
Agreed! There is something beautiful about working on a project that takes centuries to complete. Being a part of a bigger plan, a masterpiece that no one human gets to see from the beginning to the end. It used to be the norm(pyramids, chapels et al), but thanks to Fiat it's the exception. However, I'm surprised by your views on the timeline of this specific project. I find it hard to imagine the $(as it stands today) lasting another 40 years. The math doesn't seem to work. Can you elaborate more on what's a reasonable timeline for hyperbitcoinization?
Honestly... wow. Interested to hear how you think this plays out as we're coming to the end of a 4th turning, how does society right itself with the dollar that has been instrumental In the destruction of it? While global powers in the east are walking away from it.... 36 years is a long long time for this system that is breaking down as we speak to survive these huge financial global and societal pressures. I take the under by 20 years...