Part of markets being the reliable governance mechanism for societies is the education level of market participants.

Now with stupidity and high time-preference at all time highs globally, markets are roughly as retarded as the sum of their participants. That’s why sports ball, gambling and shitcoins (among a lot of other garbage) are so successful.

#Bitcoin has incentivized millions to educate themselves properly and in turn be more discerning consumers, better capital allocators and ultimately much improved market participants.

This thing never ceases to amaze me with all of the ancillary benefits it provides humanity.