Oddbean new post about | logout
 << idyllic future of hyperbitcoinization I personally feel that is off the cards>>

If things keep somewhat stable, I agree - it's off the table.

But I think this decade sees a major event that really sends us in a tail spin. It could happen anytime - and likely is related to the massive trillions in debt. Fed will print $20+ trillion to 'save' the system - which will assure it's death.

Fiat has never lasted more than around 100 years without a reset back to hard money.

I feel what you are saying - maybe I'm overly optimistic - but we absolutely will crash and burn the current fiat system - let's see what pops out the other side.