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101 sats \ 1 reply \ @patternn 29 Aug 2022 \ on: Lyn Alden AMA bitcoin
taking into account the current panorama of world over-indebtedness. Do you consider that the current system is sustainable in the long term? If not, what measures do you think the different economies should take to avoid a collapse?
I don't think the current system is very sustainable; I think it's getting into the later stages of its lifespan. Every 50-100 years, usually the order of the global financial system shifts around a bit. New geopolitics, new technology, ends up turning things in another direction.
Transitions don't always have to be awful, though. If countries focus on making sure they have energy and food, they can avoid the worst problems.
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