Seth

USD is great until it isn’t

Imagine a large exogenous shock requires massive spending by us gov. Call it war.

Spending skyrockets, printing is most palatable tax so govt pays expenses by devaluing debt.

WWIII triggers “unforeseeable” currency collapse, allowing trigger mechanism for standard currency to change -> sufficient international involvement and expenditures can kill fiat system as we know it as individuals switch to cryptos. Fundamental adoption of cryptos before WWIII improbable, and requires truly devastating and global war.

October 2020 update: This cross applies to Covid. Expecting high inflation in 2020s, with incredible nominal returns on crypto.

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Seth

Seth

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