Chartbook Newsletter #83: Crypto and the…

As a fiat-money person interested in the democratic politics of money, I’ve always viewed crypto primarily in terms of two aspects: a. The mistrust towards states and governments often expressed by crypto’s proponents. b. The artificial scarcity of bitcoin issuance. With its fixed and arbitrary upper limit of 21 million coins, bitcoin is far more restrictive and deflationary than the gold standard. After all, the stock of gold has proven to be something we can expand.

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