bitcoin

_Broken Money_ book club, part 4

elvismercury

> “Credit is a human construct and begins to look especially arbitrary to people when it was primarily accumulated by past circumstances and ancestors.  So, if enough people become angry and feel that things are unfairly stacked against them, they can show the handful of owners of that credit how fragile their claims to such credit really are.” (p. 266)

In 2020 in the US, and a decade earlier under the Arab spring, it became vividly clear to me how thin the skin is over civilization, and how quickly it can rupture.  I suppose this is what Marx was trying to foment with the "Workers of the world, unite!" call to arms.

Is it possible that there will be a crisis of legitimacy, either before the widespread of adoption of btc, or after it?  What could trigger it?  How will this be different from other similar crises bc of btc?

