Regarding money
The current system doesn't have a way to account for the temporal obligations of contracts or the accrual of systemic risk? Partially because these things aren't tracked in the first place. If you can't track them, you can't provide "a state".
Gold and BTC have the ability to track value in "a state" but it doesn't have the ability to be used as credit. Why: because present states are hard enough to calculate, and present states can't be future states let alone future states with uncertain variables and outcomes of their own, which credit necessitates.
The lending market must be separate from the "how-much-value -exists-right-now market"and that is essentially the difference between gold and fiat
These are the fragments of our collective abstraction of value, and value transfer, in the layer of society that human beings have built together over the centuries. It's necessary for our collective humanity to form. It's deliberate coordination.
This is one of the lessons of the past 100 years in US and global monetary history and a backwards looking view on what Triffins dilemma was looking to surface.
To resolve the conflict, I'm not convinced fiat is the responsible choice anymore and I'm not convinced non elastic assets like BTC and gold are the right choice either.
Like a person who has seen ourselves for who we are over the years and decided to make an internal change, we aim our attention at the architecture and methods we use to "run the program" in the first place. Well, maybe it's time to reconstruct our collective humanity.
So, how do you influence this space? How do you transform the collective shared reality of a much earlier socially shared platform?
Well, we share our minds without even knowing that we do so. Perhaps it is easier than we think.
You might accept now that:
Present states ≠ Future states
So what if there was a way to build a mechanism that allowed for present states and future states to meet?
...because, we will not be left behind, with Fragments.