I enjoyed reading Harari’s previous books because I like to explore abstract concepts and history. I don’t like his positions though. Yuval Noah Harari is much like Peter Zeihan: singing the high praises on institutions and their superior abilities to manage society and solve conflicts.

According to him, bitcoin is bad because it is based on distrust. For obvious reasons, however, he doesn’t take the next logical step to explore why institutional trust has eroded that much as of late.

He acknowledges the transformative potential of blockchain technology but raises concerns about the broader implications of cryptocurrencies on society and global stability.

He also warns that the decentralization of financial systems, which cryptocurrencies advocate, could lead to greater inequality and instability if not properly managed by governments and international institutions.

He explicitly expressed concerns about how the rise of cryptocurrencies might contribute to the weakening of state control over economies, potentially leading to scenarios where private entities or even individuals hold disproportionate power compared to traditional nation-states.

#bitcoin #harari #nostr