Wealth Systems

Wealth Systems

Hacking Money

Matt McDonagh's avatar
Matt McDonagh
Mar 03, 2026
∙ Paid

Money is a database. That’s all it is.

It is a ledger that records who owes what to whom. It’s the memory of the economy.

When I was running a hedge fund, looking at balance sheets and P&L statements, I realized something terrifying: the database is corrupt.

We were deploying sophisticated algorithms, automating financial analysis, and chasing “alpha.” But we were measuring our success in a unit (the US Dollar) that was being actively edited by a system administrator with root access and no version control.

I left banking to become a Data Engineer because I wanted to deal with truth. In code, if a function fails, the stack trace tells you why. In traditional finance, if the economy fails, they just print more liquidity and bury the error logs.

Labor is linear. Code is exponential. But if you store the output of your exponential code in a currency that leaks value like a sieve, you have a broken system.

There is only one solution in the entire known universe of monetary systems.

Bitcoin.

It is…

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