He argues that Bitcoin is not a rational currency as it was created out of nothing. However, interestingly, he also argues that Bitcoin irrationality shouldn't mean that it would not trade. Like any other commodity, as long as there will be people willing to buy it or sell, there will be a market.
he tries to draw the comparison between it and continental dollar that was not created by bankers and eventually went through hyperinflation. I think historically governments were not able to handle printing of money without overdoing it and bankers (central bankers) took over that responsibility (and benefits) but crypto is a new beast.. competition that took the bankers by surprise and i dont think they will let go without a fight
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