Mike thanks for those recommendations, I will try to look out the books sometime, and I just read Nic’s post, which I think might be the one you mean; a response to Noah.

I have much respect for Nic’s view, as he was a contributor to the closest thing there is to an established standard for crypto, the distributed ledger cambridge publication, but if anything his approach seems pretty mainstream academic, approaching and trusting industrial contacts who have their own interests, rather than diving into his own detailed logical and mathematical analyses, which in the end can’t really be disputed (unless it is statistical!)

I do also think there has to come about some kind of free money, to sustain the majority of people, but it does upset everything, capital could even become a thing of the past, which wouldn’t be easy to accept, for anyone who has significant conventional capital investment, I think.