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THE DAILY INDEX

Technology, AI, software, security, crypto and business

PROGRAMMING, DESIGN & DATA SCIENCE

TLDR

DEFINANCIALIZATION / HYPERFINANCIALIZATION

The world has become increasingly financialized as a consequence of bad money. The US dollar serves as a poor monetary instrument because it doesn't effectively preserve purchasing power over long time frames. Instead of saving, people are forced to invest. While Bitcoin simplifies savings and definancializes the world of money and savings, crypto is producing a world of hyper-financialization. New products are constantly emerging that attempt to turn anything and everything into a financial market. The phenomenon will probably continue as fiat unwinds, but after a long enough time, Bitcoin's core value proposition will become more apparent.

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