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Curtis Yarvin on Crypto: Bitcoin, DAOs, Inflation, and Government Crackdowns

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The Stable State of the System

Money is essentially a store of value. It's a medium of savings. Even the presence of financial instruments like bonds don't really change the need to physically shift purchasing power from the present to the future. So lending abstractly should not change the demand for money. When something goes up because everyone is buying in, and not because it has any intrinsic value or utility, that looks like a bubble. And so when we look at it, you know, sort of an attempt to re standardize a money,. That attempt is sort of, if the bubble pops,  it looks like this ridiculous tulip scam all over again.

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