Definancialization / Hyperfinancialization Jan 28, 2025One of my favorite articles about Bitcoin is Parker Lewis’s “Bitcoin is the Great Definancialization.” In it he makes a compelling argument that the world has become increasingly financialized as a consequence of bad money. He argues that the US dollar serves as a poor monetary instrument because it doesn’t effectively preserve purchasing power over long time frames. The government continuously prints US dollars out of thin air, which debase...