[wallacoloo]

> This is what happened after the 2008 financial crash. There was a brief moment of questioning. (What is “finance,” anyway? Isn’t it just other people’s debts? What is money? Is it just debt, too? What’s debt? Isn’t it just a promise? If money and debt are just a collection of promises we make to each other, then couldn’t we just as easily make different ones?) The window was almost instantly shut by those insisting we shut up, stop thinking, and get back to work, or at least start looking for it.

yeah, sure, just completely ignore the $2T cryptocurrency industry that’s objectively a response to govt’s handling of 2008 (read Satoshi’s genesis block)?

i’m not really sure what the author’s trying to push for though: that we all don’t go back to working for rich people? well sure, but the valuable part is showing us how to do that…

[matthewdgreen]

I'm not sure the $2T cryptocurrency industry is a response to govt's handling of 2008. I think Satoshi cared very deeply about it: I'm not sure all of the $2T worth of participation in the current economy does, nor am I certain that the current crypto industry addresses many of the problems that existed in 2008.

[soared]

Subjectively.

But otherwise I generally agree. The authors paragraph seems to remember occupy Wall Street but forget that most people don’t care at all about finance if/when things return to normal.

[kf6nux]

That's market cap, right?

When people say something is a $x industry, I normally think revenue per year.

How big is the industry as measured by transaction/service fees?