No society in history has previously entertained the idea of negative interest rates.
The destruction of capital, economic and social, should be contrary to every human impulse.
Civilization requires productive surplus and accumulation; de-civilization happens when
too many people borrow, spend, and consume more than they produce.
However, what if the crypto revolution succeeds?
What would it look, sound, smell, taste, feel
like
As in any revolution, todays top dogs have the most to lose.