Years ago, I read a book that I still think about regularly. Unfortunately, I had forgotten its title and couldn't find it again despite an intensive search. Enter grok. Grok found it for me with two searches. The book is called "Holy Fire" and was written by Bruce Sterling.
When I read it back then, I wasn't a Bitcoiner yet. But since that changed, I've been reminded of one aspect of this book more often.
It's set in a medium-term future on Earth, where there are very wealthy elderly people. However, the majority of the population lives on money given to them so they can satisfy basic needs.
The important distinction is that there are two different types of money:
the valuable money that the elderly, wealthy people possess. And then the money that is given to the population to buy things like rent, food and clothing. But with this inferior money you can't, for example acquire land, buildings or other capital.
Through my journey down the Bitcoin path, I can easily imagine all of this as a possible, realistic future.
#book #future #money