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We are in the midst of one of history's greatest financial bubbles, represented both in a global debt crisis, as well as a bloated, subsidized financial sector that is many times greater in size than it naturally should be. Rather than Bitcoin being the bubble that everyone claims it is, on the contrary, the financial system is a "greater fool" bubble, and Bitcoin is the pin.
Don't forget to check out the great reads that were mentioned and shed tons of light on today's take:
The Use of Knowledge in Society:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj/a-afr12i
The Fraying of the Petrodollar System:
Part 1 - https://anchor.fm/thecryptoconomy/episodes/Read_473---The-Fraying-of-the-Petrodollar-System---Part-1-Lyn-Alden-enrte3/a-a44sscd
Part 2 - https://anchor.fm/thecryptoconomy/episodes/Read_474---The-Fraying-of-the-Petrodollar-System---Part-2-Lyn-Alden-ente7q/a-a457ib8
Bitcoin is the Great Financialization:
https://anchor.fm/thecryptoconomy/episodes/Read_477---Bitcoin-is-the-Great-Definancialization-Parker-Lewis-eo62fl
A huge Thank You to the Bitcoin Audible Sponsors:
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"The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. ...
"The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of...
"Much more to say. This is just a starting point, but I'm interested in Bitcoin for its potential to reorient civilization to an existence...
