As I grow tired of journalists publishing their shortsighted opinions of Bitcoin, it is refreshing to see a critic employ a model to make his point. I don't kno

As I grow tired of journalists publishing their shortsighted opinions of Bitcoin, it is refreshing to see a critic employ a model to make his point. I don't know anything about Modern Monetary Theory, and I'm not sure that it's even a valid model for Bitcoin, but at the very least it resembles the type of thinking we need more of (i.e. thinking with models). Cryptocurrency is a brilliant thing, but we need a better way to model its place in our world. I'd like to see someone develop a first-principles model to help us better understand the consequences of decentralized cryptocurrency. The right model could highlight the areas where more development or reform are needed.