A great point! It’s one that I frequently use as a critique of the heterodox, IDW types who have a gaping, Bitcoin sized hole at the center of all their models, especially JBP. Subconsciously, I think they know that Bitcoin disintermediates many of their grievances and dilemmas. They avoid embracing that process out of the fear of losing their identity that is built around a personalized collection of, what Orwell called, “petty specific grievances.”

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