X @Nick Szabo

RT Nick Szabo (@NickSzabo4)Since world demographics are in long-term decline, much of this can't be paid back in real value. It will rather be diluted, or paid back in diluted money, leaving investors in this $111 trillion with more the illusion than the reality of returns.Trust-minimized assets with low dilution will do relatively better, and are much safer over longer time horizons, even if their short-term volatility is substantial. ...