What does it feel like inside the transition?
Ideas to take with you.
- 01
The hardest part of perceiving a debt-based monetary system is that its symptoms are visible while its mechanism is not, which routes blame toward political and corporate actors rather than the money itself.
- 02
Under a system whose money supply must expand, individual rational behaviour collapses into a prisoner's dilemma – serving oneself by stepping on others rather than serving others.
- 03
Initial resistance to Bitcoin is structurally predictable: it contradicts inherited assumptions formed entirely inside the system it proposes to replace.
- 04
Tokenised gold, alternative cryptos with founding teams, and MMT each preserve a central point of human control, which is the feature the older system already fails on.
- 05
The resolution between an expanding debt-based money and a fixed-supply protocol depends on how widely the protocol is actually understood at the moment of conflict.
