Say you are a pension fund that needs an 8% return to meet its liabilities without difficulty. And say that stocks have been inflated to the point that you can in all honesty expect only a 2% return over the long run from here given reasonable assumptions about valuation metrics returning to something sensible at some point. You might be tempted to

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Redefining the Concept of Money and Value Creation While Bitcoin (BTC) was originally designed with the purpose of creating P2P (“peer-to-peer”) money without banks, it really is much more. The underlying P2P protocol that enables this novel kind of P2P electronic money has proven to be a gateway to a new type of economic value creation. The consen

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Indeed, within my social/intellectual circles, the dominant view seems to be that Bitcoin amounts to climate terrorism in the service of tulip mania, that NFTs are a pyramid scheme, and the main crypto use case is crime-enabling asset concealment and money laundering.