Hi Cory. I love your articles. However, as a sedimentologist Venice is not a good choice for an analogy, metaphor, or association with Bitcoin. Here me out ... I've been to Venice (3x). It's a nice place with some great architecture and a rich and interesting history. But, Venice is a dying set of islands fighting climate change, overpopulation, pollution, sea-level rise, and a lack of resources. If anything I'd argue that fiat currency is a Venice. Fiat faces existential crises all around like Venice. A rise in inflation (sea-level) and fiat must adjust monetary policy to survive a few more years. Similarly Venice and the Italian gov't has taken great steps to fight both a rising sea-level and islands that were sinking. Anyway .... something to think about. Take care. Stan
Hi Cory. I love your articles. However, as a sedimentologist Venice is not a good choice for an analogy, metaphor, or association with Bitcoin. Here me out ... I've been to Venice (3x). It's a nice place with some great architecture and a rich and interesting history. But, Venice is a dying set of islands fighting climate change, overpopulation, pollution, sea-level rise, and a lack of resources. If anything I'd argue that fiat currency is a Venice. Fiat faces existential crises all around like Venice. A rise in inflation (sea-level) and fiat must adjust monetary policy to survive a few more years. Similarly Venice and the Italian gov't has taken great steps to fight both a rising sea-level and islands that were sinking. Anyway .... something to think about. Take care. Stan