Bitcoin: A Niche Use Case

When the money itself was more predictable and people knew what's the purchasing power of the dollar going to be 50 years from now, then long-term bonds made more sense. Whereas now, yeah, it'd be nuts to lend money to the government for 50 years because who knows what the heck that's going to buy when they pay you back. Right. You can't get a 30-year mortgage in Mexico, in Mexican pesos, who knows what they're going to be worth even 30 years from now. But the US has made its own financial system more shallow by going to unpredictable fiat standard. And part of the big argument in chapters five and six is that Bitcoin is inherently due