What is capital, really? And what happens when Bitcoin forces a repricing of everything we think we know about it? In this reboot episode...
"In order for something to be used as ubiquitous money, the spender has to already have it, and the recipient has to want to...
"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever...