Neal
· 1d
I agree with basically every premise you describe, i think your conclusion is a step too far.
“then money is not something humans simply create and apply.”
If no people, then no money.
Without a ...
What about God?
The lesson of entropy that Bitcoin teaches us about the physical time chain, that physics bears out when that lesson is applied, is precisely that man creates nothing. We only participate in creation as cosigners by our choices.
And, correct me if I am wrong, is this not also precisely what St. Thomas says about money, explicitly: that it does not reproduce?
One thing that actually just clicked for me in light of Jacks comment and what I learned while writing my little essay, is that another way to say what Jack is saying (I think, correct me) is that money IS the model memory, a form (in the Platonic sense, even) accruing order that the rational will cosignings. Either we choose higher goods, or we err and choose lesser goods.
We choose to participate in bring higher order that comes from source into being by coordinating our work or recycle the goods of the world under fiat (fictions of human value creation, dollars, ape jpegs, rent seeking, interest) under entropy.
The conclusion is not only that simple spam is pure entropy, but that non-monetary data with "financial" use cases that have these vaneers of being money-related are perhaps worse, because they are actually fiat, aka fictions of value creation.
Word magic is fraud. We don't create.
Hopefully that ramble made sense.