@JorgeStolfi @rvkennedy @immibis @pluralistic @funcrunch @kcoyle if you’re genuinely interested in a very short explanation, read the answer to the “You examined 5000 years of economic and cultural behavior. Would you ever suggest that capitalism as we know it needs to change?” question here: https://davidgraeber.org/articles/david-graeber-studied-5000-years-of-debt/
Virtual money is not new. Hence the applicability of history to crypto.