The greater fool theory kills me. Someone decides to store value by hanging on to something with good monetary properties. Over time, he does better than someone holding onto something with worse monetary properties. Other people follow suit and the good money obtains a monetary premium and goes up in value. This doesn't require anybody to be fooled about the nature of the money. It would be foolish to not adopt the better money.

https://fountain.fm/episode/NYnqsqd7mDA2Irs4UdTp

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