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RE: LeoThread 2025-11-16 07-55

in LeoFinance21 days ago

We don't want to be like China and the last one's left on the silver standard, do we? So that's why the more fundamental question is, well, when you think about it more deeply, Dmitri, isn't money just a Ponzi game? And importantly, the distinction between scheme and game. Scheme alludes to somebody who's going to pull the rug. Whereas game is something that everyone chooses to opt into and to play more or less implicitly or perhaps explicitly, understanding that this is a game to be played. And when everyone plays the game, well, that's just money. It no longer becomes a game. It graduates. So I have a lot of interesting thoughts about this, where to start. So I've heard this discussed often in crypto. It's a really fascinating approach to trying to bootstrap money, which is basically saying, hey, look, money is just a myth. The dollar is just a myth. We just generally believe in it. It's a consensus narrative. I would argue that that's not entirely correct, because I think fiat money (51/97)