The "What is Money?" Show

Bitcoin and The Fall of Nation-States with James Davidson (WiM163)

14 snips
Apr 1, 2022
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ADVICE

Plan For Long Coexistence Of Money Types

  • Expect a long coexistence between fiat and cryptocurrencies rather than immediate replacement.
  • Favor sound money and technologies that increase economic efficiency as transitions progress.
ANECDOTE

Border Extortion Example

  • A consultant told a story about being held at a Nigerian border and extorted by a customs official.
  • The episode illustrated petty predation that digital and efficient alternatives can erode.
INSIGHT

Markets Reconfigure Societies Beyond Politics

  • Narrowcasting and technology shift power toward efficiency over identity or credential politics.
  • Markets will reconfigure societies in ways political majorities may not foresee or welcome.
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