1. Theres no way to taper a ponzi. Whether anyone wants it or not, the fiat system has a strict set of incentives and a structure that can do nothing but end in money printing. It needs exactly zero people to root for it and no matter how many people would rather it didn’t, makes no difference.

2. The faster the money printer turns on, the LESS damage will be done, so I understand the view of the accelerationists. This is the perfect example of the slow boiling frog. If you turn the heat up fast enough, the frogs jump out. Otherwise they boil to death. The idea that there is a second option is an illusion.

3. In a pure fiat world, printing money only harms innocent people. In a world with Bitcoin, printing money accelerates the transition to the singular solution where we can actually stop generations worth of wealth and prosperity being destroyed or stolen.

It’s not so simple and there’s ample ways we can frame anything in a purely negative light if we like. There’s definitely a of the “don’t fucking dance” scene in The Big Short, and I share that frustration. But it’s also hard to see the scam continue to ruin people’s minds and lives, and even harder to watch them cheer and beg for it. The more the printer runs, the more wake up. It was never going to be a fun transition.