The Lindy effect works for fiat the same as it works for Bitcoin. I agree fiat is the more likely system to collapse but I also think this will go on a lot longer than most believe possible.

This note is aimed at those “Bitcoiners” who think we should be working within the State, getting “regulatory clarity”, trying to shoehorn sound money into the fiat system which absolutely will not work.

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I don't really subscribe to the lindy effect as a rule. But I see how those seeking regulation don't see the obvious incompatibility between finite and infinite currency. They are the same people that think a monetary return absent innovation or expansion is possible.