“This piece is my attempt to finally map the terrain I'd been circling for years: Bitcoin's hardness, its fragility, its human governance, and its uneasy relationship with a world that increasingly runs on elastic money and digital abundance. It's not a defence. It's not an indictment. It's an audit.”
~ Hugh Hendry
We keep pretending modern money is a stable system, but Hugh Hendry explains the quiet part out loud: fiat only survives by cheating, bending the rules, and offloading pain onto t...
“This piece is my attempt to finally map the terrain I'd been circling for years: Bitcoin's hardness, its fragility, its human governance, and its uneasy relationship with a world that increasingly runs on elastic money and digital abundance. It's not a defence. It's not an indictment. It's an audit.”
~ Hugh Hendry
We keep pretending modern money is a stable system, but Hugh Hendry explains the quiet part out loud: fiat only survives by cheating, bending the rules, and offloading pain onto the future.
What if Bitcoin’s "flaw" - its rigid, unchanging code - is actually the only way to stop the cycle of constant bailouts? We’ve become so addicted to monetary elasticity that we’ve lost sight of what it means to have an asset that doesn't bend. And Hendry’s brutal audit of our financial landscape serves as a perfect reminder of why the current system is so inherently fragile. If you want to understand why we need an anchor that refuses to compromise, you need to listen in.
Check out the original article: Modern Money Only Works By Cheating by Tyler Durden (Link: https://www.zerohedge.com/crypto/modern-money-only-works-cheating-if-youre-long-bitcoin-or-not-long-bitcoin-read)
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“If nothing within you stays rigid, outward things will disclose themselves. Moving, be like water. Still, be like a mirror. Respond like an echo.”
~ Bruce Lee
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