Read_939 - Modern Money Only Works By Cheating - Part 2

<p>**_“what matters now is not belief, but endurance. </p>
<p>__bitcoin does not promise comfort. it does not promise justice. it does not promise to save anyone. it offers one thing only: a set of rules that do not bend to price, politics, or persuasion. whether that is valuable depends entirely on who is holding it and why. </p>
<p>_<em>the mathematics will almost certainly hold long enough. the question has always been whether we will.”</em>**</p>
<p><strong><em>~ Hugh Hendry</em></strong></p>
<p>Today, we are back with part two of Tyler Durden's piece "Modern Money Only Works By Cheating".</p>
<p>Most people think the ultimate danger to Bitcoin is quantum computers cracking the math. But this article highlights something far scarier: human coordination. I read through the rest of the essay, which asks a brutal question. If Bitcoin ever needs to change to survive a threat, can a network built on resisting authority act together without a leader? Or will we just splinter into stubborn factions?</p>
<p>Because Bitcoin's rules don't bend, the pressure falls entirely on us. I share my thoughts on the read, explaining why the Block Size War was a preview of this exact test, and where I push back heavily on the author's defense of fiat money.</p>
<p>Check out the original article: <a href="zerohedge.com/crypto/modern-money-only-works-c… Money Only Works By Cheating</a> by Tyler Durden (Link: <a href="zerohedge.com/crypto/modern-money-only-works-c…;)</p>
<p><strong>References from the episode</strong></p>
<ul>
<li><a href="fountain.fm/episode/UN8NHIQ3tR9tdc9ER89h"… 1</a> of this Read -- go back and catch up if you haven't. (Link: <a href="fountain.fm/episode/UN8NHIQ3tR9tdc9ER89h"…;)</li>
<li>Hugh Henry's article <a href="hughhendry.substack.com/p/bitcoin-and-the-prob… in the Problem of Hardness</a> on his Substack -- that's the main one we dove into. (Link: <a href="hughhendry.substack.com/p/bitcoin-and-the-prob…;)</li>
<li>Hugh's other piece <a href="hughhendry.substack.com/p/5f0">Bitcoin and the Human Problem</a> is worth a read for the full picture. (Link: <a href="hughhendry.substack.com/p/5f0">https:/…;)</li>
</ul>
<p><strong>Host Links</strong></p>
<ul>
<li>⁠<a href="tinyurl.com/2xc96ney">Guy on Nostr</a> ⁠(Link: <a href="tinyurl.com/2xc96ney">http://tinyurl.c…;)</li>
<li><a href="twitter.com/theguyswann)">⁠Guy on X</a> ⁠(Link: <a href="twitter.com/theguyswann">https://twitt…;)</li>
<li><a href="instagram.com/theguyswann)">Guy on Instagram</a> (Link: <a href="instagram.com/theguyswann">https://www…;)</li>
<li><a href="tiktok.com/@theguyswann">Guy on TikTok</a> (Link: <a href="tiktok.com/@theguyswann">https://www.t…;)</li>
<li><a href="youtube.com/@theguyswann">Guy on YouTube</a> (Link: <a href="youtube.com/@theguyswann">https://www.…;)</li>
<li>⁠<a href="twitter.com/BitcoinAudible">Bitcoin Audible on X⁠</a> (Link: <a href="twitter.com/BitcoinAudible">https://tw…;)</li>
<li><a href="tinyurl.com/3na6v839">The Guy Swann Network Broadcast Room on Keet</a> (Link: <a href="tinyurl.com/3na6v839%5B)%5D(tinyurl.com/3na6v839%5C)">tinyurl.com/3na6v839</a>;)</li>
</ul>
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<p><strong><em>“Imagination does not become great until human beings, given the courage and the strength, use it to create.”</em></strong></p>
<p><strong><em>~ Maria Montessori</em></strong></p>