Take a dollar bill out of your pocket and contemplate the level of effort that went into its production.
Now look around you: all the assets and capital to which that paper lays claim; imagine how much effort went into producing it all.
Asymmetry of effort is why fiat fails...
https://twitter.com/Breedlove22/status/1374201401786527747?s=20Upon thoughtful reflection, can anyone seriously believe that a piece of paper backed by threats alone will continue to command all capital flows in the digital age?
Or will money that requires work to produce become favored as the true measure of market actor satisfaction? #BTC
BTChttps://twitter.com/Breedlove22/status/1374201403850301441?s=20