This misses much such as the dynamics of money. The velocity of monetary exchange in a society is important and has layers. Rich people save the extra they ma

This misses much such as the dynamics of money. The velocity of monetary exchange in a society is important and has layers. Rich people save the extra they make while working people spend. Gold retains value in part by holding other values down with deflation. Money is only one aspect of capital flow. And Nassim Taleb's analysis that Bitcoin is not a currency but rather an inherently volatile security casts a shadow on this analysis.