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Manny Rinconcruz - A Tornado of Cash, An Earthquake of Crackdowns, and a Drought of Courage
From the New World
Cripto - Is China the Declining Empire?
i'm pretty sure that ray dally is wrong. Interesting, i his grasp of chinese historyis quite pour. I don't think he quite understands the cause of the decline of a lot of these empires. But anyway, so let me give you the crypto answer, and then i can go speculate about the general big trajector of the american empires. So one way is just to think about it as yet another episode of financial innovation,. And these things always produce bubbles, and their value is not seen for a while.
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