"Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it makes less sense to hold money that is a pure asset than money that is literally defined as a liability? Why not opt into a financial system that is built on trustless verifiability rather than unverifiable trust?" - Allen Farrington
Today's amazing read simply needs to be listened to. Bitcoin is Venice, a continuation of the Wittgenstein's Money series from Allen F. Don't forget to follow Allen on Twitter & Medium.
Check out the original article below to drop applause and check out Allen's other amazing work:
https://allenfarrington.medium.com/bitcoin-is-venice-8414dda42070
Audio for his other recent piece, Wittgenstein's Money (And other article mentioned in the show) can be found below:
https://bitcoinaudible.com/?p=5659
Follow up to Wittgenstein's Money - Guy's Take #40:
https://bitcoinaudible.com/?p=5661
Bitcoin is Worse is Better:
https://bitcoinaudible.com/?p=3491
Walking Tall - Guy's Take #36:
https://bitcoinaudible.com/?p=4933
Hayek's Use of Knowledge in Society:
https://bitcoinaudible.com/?p=2902
A huge Thank You to the Bitcoin Audible Sponsors:
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co - The first Free, no-fee exchange & Bitcoin banking services! (guyswann.com/lvl)