If you’re right and systemic collapse is inevitable, then we are headed into a dark age of humanity or extinction. The modern Leviathan of the current global order is not something you just let spiral, and hope that bitcoin acts as a safety net which arrests the fall. Money just isn’t going to matter that much, when the power competition starts on a global scale, and the Long Peace comes to its end.

The idea that the “bad money” being used to fuel the armies and weapons will blunt the ability of states to prosecute World War III is pretty much, to me, one of the most naive hopes that I see in these conversations. It requires a real failure of imagination and ignores the real ways in which our tribal instincts cause us to close ranks around external threats. 

In World War II, the American public and most of its allies, were able to sustain extreme economic hardship, while maintaining support for war, for instance. Rationing. Soup lines. High inflation. Germany’s currency had literally completely collapsed nearly 10 years earlier, and Hitler still managed to nearly take over the world within a decade of that event.

If people really think we need to write-off the current “system” and prepare for “what’s next”, and abandon the principle of stability and trying to hold the center, then I actually think humanity is likely careening towards extinction. I don’t say that lightly.