“Byzantine emperors made their economy resilient for many centuries by land reform protecting subsistence smallholders against creditors, and cancelling back taxes, the major category of personal debt.”

Seems like authoritarian rulers should have a better handle on socio-economic pressure points.

The rules of #Bitcoin have a very good handle on socio-economic pressure points… that’s what the difficulty adjustment and tx fees are for.

#Bitcoin is bringing us full circle with our ancient past, but also about to sling shot humanity into a new direction that we never thought possible through the most elegant alignment of incentives humanity has ever seen.