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Allen Farrington's trilogy on Bitcoin as a macro phenomenon


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These are so good, I thought they deserved their own thread (also useful to have somewhere other than reflation thread to discuss *macro* aspects of Bitcoinization?)




Wouldn't do them justice to paste too many excerpts here, but a choice quote from 1st essay for flavour: "In discussing dollarization in Ecuador — the instructive process of an “official” money being spontaneously replaced by a simpler superior money — Larry White says of those who deny by definition that such a thing can even happen that they, “are only looking at the blackboard and not at what is happening outside the window.” This is a curious approach to understanding novel phenomena, that, in general, I would not recommend. Reality doesn’t care how you describe it."

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