Damus
vinney...axkl profile picture
vinney...axkl
@vinney...axkl
I find it both deeply poetic and kind of alarming that from the perspective of Mises's regression theorum, the utility value of Bitcoin is its ability to function as superior money - and this utility is what allowed it to be used as money in the first place.

recursive relationships are either the most profound things we discover, or they're a hint that there's a fallacy somewhere.
the ambiguity is a feature, not a bug, in terms of poetic and spiritual effect.
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Pawn Dev · 49w
The utility value of bitcoin could also be described in broader terms. The transfer of information in a descentralized, permissionless and secure way. This would mitigate the redundancy. Technicaly speaking, "being superior money" derives from this characteristic that is more fundamental.
GrumpyGardener · 49w
Honestly never thought of it that way. Could it be that Bitcoin began with monetary utility as the framework that it was engineered for and not merely a commodity with an underlying utility that became a currency? What do you mean by recursive relationships?
YODL · 49w
Latest Reorg podcast goes regression theorem a lot. Just listened to it recently