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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INSIGHT

Three Overlapping Games Shape Society

  • Societies run three overlapping games: economic, political, and mega-political.
  • Mega-politics is rule-by-force where coalitions and technology shape outcomes beyond law.
INSIGHT

Technology Redefines The Logic Of Violence

  • Technological shifts change the scale and returns to violence, altering political order.
  • Gunpowder enlarged scale historically; microprocessors and crypto shrink the scale and defensive costs now.
INSIGHT

SWIFT Is Messaging, Not Money

  • SWIFT is an information messaging system, not a mover of physical money.
  • Excluding a country from SWIFT is disruptive but alternatives (telegraph, Bitcoin) still enable transfers.
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