Fwiw, this is one of the few very valid risk areas that crypto indicates as a logical outcome if it works fully. The other is debt-deflation spirals.
A lot of crypto people don’t care about this, or see “democratic accountability” as an excuse for (in it’s worst version) Venezuela, or in its most likely version a decade plus of 0.0001% savings rates for the common man b/c our democratic system decided it’d have to work that way for a bit.
A lot of crypto people don’t care about this, or see “democratic accountability” as an excuse for (in it’s worst version) Venezuela, or in its most likely version a decade plus of 0.0001% savings rates for the common man b/c our democratic system decided it’d have to work that way for a bit.