Bitcoin Songsheet: Like Altcoins, Startups Are New Money Magnets Today

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This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.

Link to the audio read of the article.

Startups are a giant fiat game.

They are perceived to be the engines of the economy, the drivers of innovation and the creators of wealth. In reality, they mask the Cantillon effect and make the rich richer while making the poor poorer. They waste money and burn through capital like there’s no tomorrow. Startups embody the “get rich or die trying” mentality like insecure Hollywood hopefuls.

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