Dear David,

Thank you for taking the time to read my work and thank you for both contributing to the discussion and elevating the level of discourse.

As you would no doubt have noted from my numerous writings regarding cryptocurrency and blockchain technology, I am in absolute agreement with your view on inflation, the deflationary quality of cryptocurrencies and the inherent value blockchain technology.

My purpose for this piece was primarily to draw ordinary investors who had not considered cryptocurrencies to take the time to also consider the stories that they tell themselves with regard to their other investments.

As humans, storytelling is a very part of the fabric of our DNA, an inescapable aspect of the human condition.

It is when we are most objective and honest about the stories that we tell ourselves regarding anything that we are able to observe (and not simply see) with greater clarity.

As I write this belated response, modern monetary theory has once again raised its ugly head. What can only be considered irresponsible monetary policy is being sold as a way for everyone to get everything for free.

For decades, it was believed this opioid had been routed, but perhaps more responsible economists were mistaken.

And it is in this regard that I believe cryptocurrencies will prove their mettle (no pun intended), with regards to the nature of their deflationary quality, their ability to function as a store of value and as a medium of exchange.

I, like you believe that the odds of that are something other than zero.

Once again, thank you for taking the time to share your thoughts on the subject and I do look forward to hearing from you again soon.

Yours,

Patrick