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@ OptOutBTC
2025-01-30 05:05:12
In the saeculum framework, I think Bitcoin emerged during the Third Turning unraveling, a phase marked by institutional decay and societal polarization. This places the ‘08 GFC - and Satoshi’s whitepaper, alongside earlier Third Turning upheavals like the Panic of 1893, where William Jennings Bryan and agrarian populists railed against financial elites who wielded the gold standard as a weapon to enrich creditors and crush farmers. While Bryan sought to democratize money with bimetallism. He may have had better rhetoric with the “Cross of Gold”, but lacked Satoshi’s tools to engineer a solution to circumvent the elite’s stranglehold on the financial system.