

In phase two of the long term debt cycle the government does massive deleveraging, this requires massive productivity gains, which is why they are investing in AI and robotics and banking on the productivity growths that will enable. Dont expect another 2020. Dont expect a crash. Dont expect cheap debt again to refinance. Dont over leverage. There will be devaluation of the currency. There will be no crash.

Why did you think we invented blockchain? We invented blockchain because we knew machine learning would attack fragile systems. We invented blockchain to make uncensorable incorruptible unstoppable databases. I think people didnt get this memo and thought we were messing around. Well welcome to Moores Law. Technology has reached the exact place we predicted. All fragile centralized off chain systems and data will be corrupted. Only decentralized distributed data will survive. This is why we crypto. Welcome.




