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Today I wanted to cover an analogy I have hit in the past to explain what's happening in the boom/bust cycle. One that sheds light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by "animal spirits."
What do cars, tickets, and vacation plans have to do with the boom/bust cycle? Listen to find out!
In this episode originally on THE Bitcoin Podcast, I had an intense and unfiltered conversation with Walker, where we dove into some hard truths...
"Bitcoin represents the explicit encoding of previously implicit values of the tech community. It's not just software — it is a Schelling point and...
“The BCB enforces the strictest deposit regulations in the world by requiring full reserves for all accounts. This is the digital equivalent of the ...
