In Praise of ‘Line Goes Up’ (stephendiehl.com)

I'm going to watch the 2 hour video - by which time this will be on page 9.

When someone makes claims like "deflationary currencies will push us back into feudalism" with no other support than "it is widely studied", I immediately begin to question this person's judgement.

Currency has little to no relationship with feudalism. And if they are using feudalism as a shorthand for inequality, we are already there with an inflationary currency.

The Line Goes Up was such a good summation of the entire stupidity of crypto. It deserves all the praise and more.