Much less

They laughed at Columbus, they laughed at Fulton, they laughed at the Wright Brothers. But they also laughed at Bozo the Clown.

But there's nothing early abt crypto. My mom in Normandy sends me carbon copies of bitcoin article in the local newspaper (God knows why, all I told them was to never ever listen to anyone telling them to put their retirement in crypto lol).

It's everywhere, everyone can get some, work in a crypto place, accept crypto in their store, convert their entire salary.

What is so wrong about it that we call this 14 year old dinosaur tech "early". We've seen it, we don't want it, time to try someth else.

We have a single data point for the performance of crypto as an asset class during a time of inflation. Admittedly a single data point isn't great but it's all we have. What do you take from the data so far? I don't see Bitcoin exactly holding up its promise as an inflation hedge.