Lyn Alden
· 133w
I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.
I always do appreciate these steelman que...
A downside of universal individual financial sovereignty is that we all become centrally enslaved to a decentralized technology that is out evolving the humans trying to use it.
A coded low time preference collective consciousness becomes dystopian when put on logical economic cruise control. The modern day 401K has helped enable a dystopian financial system to flourish, energized by unrelenting mindless payday liquidity injections by millions of participants.
A digital hive mind wont find any profitable return on investment for a genocidal intervention half a world away, try crowd funding a Normandy scale Invasion.
Monsters will always exist, and you must be willing and able to become an equal or greater monster to kill one.
What will we become when everything is valued in terms of the same "best" money used only on the same "best" investments. Will all unpopular ideas, individuals, or groups, viewed as "second best" merely become casualties of an unspoken non-consensual consensus logic.
Humans are now capable of escaping the financial enslavement of the Fiat dollar, but are humans capable of escaping the primordial enslavements of their own motivations.