tldr (tim reilly)
@tldr
BTC “replacing the dollar” is not interesting bc it’s not possible. What is interesting is a world where BTC, ETH, etc are viable enough to make fiat currency more accountable to market forces. Crypto = expanding the “free market competition” of currencies from Nations-only —> Nations + Networks
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Mike Maizels
@timevalueofart
Yep! As McLuhan would say, media proliferate, they don’t replace one another. Dollars didn’t replace gold any more than movies replaced books
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