Toby McMann on Nostr: The size of the industry which supports fiat monetary policy, globally, is so ...

The size of the industry which supports fiat monetary policy, globally, is so insanely large that it is nearly incomprehensible.

Think of all the banks. All the academia. All the brokerage houses, trying to predict and outperform inflation (mostly unsuccessfully). All the media. All the accountants. All the legal infrastructure. All the computing power. The physical plant. All the time and energy. Etc, etc.

Then...think how the incentive structure of all these people allocates resource, and how it compounds through time, and across all society.

Then...think of the price of #bitcoin.

Then...stay humble, and stack sats.