On point. I’d add—it didn’t even need to be malicious to happen this way. It’s bad design. It’s crisis management layered on crisis management layered on crisis management that got us into this problem. Burning it all down may seem tempting, but it’s designing something better that will fix it. Bitcoin does the something better at the level of money. Next we need better institutional design so that our intentions for the world we want to create align with the incentives of the world we choose to build and the principles behind how we choose to live. So yes, go buy the good sound money. Then let’s build some honest institutions and share responsibility for them and the world we create together. 📝 f2edf37a…