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Incredibly well written. A combination of unique style and informed view that breaks down complex topics into understandable and valuable reading. Great job — sharing with others!

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Amazing macro view! Being able to communicate this is super important to getting mainstream adoption in crypto. So much of crypto is modeling on existing systems (as noted above, with internet principles). At the same the development of the ecosystem is mostly in reverse. David Graeber and others lay out exactly why money is a credit based system and for most of history the wealthy maintained ledgers to track their accounts. Then we got central banks and standard currencies. Crypto started with data standards for money, then developed credit and lending mechanisms. This history is difficult for newcomers but important and will only click with explanations like this.

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