4min chapter

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BCB095_MATT PINES: Aliens, Geopolitics & Bitcoin

Blue Collar Bitcoin

CHAPTER

The Interplay Between Trustlessness and the Global Monetary System

bitcoin is effectively a trustless money that is controlled by no one as a neutral ground in this vacuum space of trust that has been created. Whoever has the most power like especially in the hegemonic system sets the rules and part of those rules is what counts as money. The global monetary system is a function of the political of the geopolitical arrangement so if you want to make a forecast of any major change to the monetary arrangement you kind of have to have some assumptions or analysis of how you think the geopolitical arrangement might not fall.

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