@Splintern
Fiat must be destroyed.
Relays (1)
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Recent Notes
I'm a teacher. I really enjoy the feeling I get when a student has a "aha" moment and for the most part I feel I'm doing something for society. The last couple of years I have despised my work as it came to consume my life. I need to have some type of intellectual pursuit outside of work in order for me to function.
I had plans to step back in 2028 post another halving with an eye on a future potential bitcoin bull run facilitating the move.
But I saw this post 5 months and it moved me.
Starting last week I cut my teaching hours by 40%. My wife also reduced her work hours. The net effect was to half our household income.
The result was that I had the greatest working week of my life. Time to read, excerise, relax, think. Energy to play with my kids.
And I didn't give one single fuck about the price action.
Thanks for the post and thank you to Satoshi.
I had plans to step back in 2028 post another halving with an eye on a future potential bitcoin bull run facilitating the move.
But I saw this post 5 months and it moved me.
Starting last week I cut my teaching hours by 40%. My wife also reduced her work hours. The net effect was to half our household income.
The result was that I had the greatest working week of my life. Time to read, excerise, relax, think. Energy to play with my kids.
And I didn't give one single fuck about the price action.
Thanks for the post and thank you to Satoshi.
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4 weeks of conversation about the evils of central banking coming up for the kids.
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LOL.. it’s pretty much the expectation now that the default position for anyone in govt or big business is a lie. How else does a bank make money Mr Bankster?
The amount of obvious bullshit that gets said by politicians and bankers alike is ridiculous.
Great news for #AUStriches! If house prices drop the banks won't implode! 🤦
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There's a global arms race to make airport bathrooms ever more stupider.
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It's not necessary that an economy will converge on the best money.
Governmental power structures can very well impede people from using what individuals think is better money.
And it's possible t...
I agree with you. My only reservation is how large a civilisation you can create without soundish money. My gut says >100k city is too big. I think Jaynes' theory is right and that helps explain it.
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They’re both strange anomalies. ChatGPT: “The Inca had a redistribution system managed by the state. People paid taxes in labor (the mit’a system), and the government redistributed food, textile...
Second step is basically what we have today. Inner monologue etc... He explains as a step above a animal where instead of just instinctively doing something, you have a voice (God, Ancestor, etc) tell you what to do. Fucking great book... If it's right, it helps explain quite a lot mental problems like schizophrenia and Tourettes.
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OK.... I think I have the answer.... Hear me out.
Sound money is a coordination tool for civilisation. High entropy money (inflation) destroys society by reducing trust. Civilisation needs some upper limit on the inflation rate to work at all.
Incas are weird because they used grain as money (terrible stock to flow), but were somehow able to produce cities of 100-130k population. To me, this should be impossible as a coordination excerise without at least converging on silver as money.
I read a magnificent book by Julian Jaynes called "The origin of consciousness in the breakdown of of the bicameral mind". Jaynes argues eruditely, although on the face of it, completely batshit crazy, that humans evolved consciousness in two steps. The first step essentially involved imagined voices in our heads similar to schizophrenics today. People interpreted this as the voice of God. Jaynes argues that this changed around 1100BC on the Euro-Asian landmass but lasted until the Spanish incursions in South America.
I think Incas not converging on silver, yet coordinating society at scale is evidence that they weren't conscience in the sense that we are today.
Sound money is a coordination tool for civilisation. High entropy money (inflation) destroys society by reducing trust. Civilisation needs some upper limit on the inflation rate to work at all.
Incas are weird because they used grain as money (terrible stock to flow), but were somehow able to produce cities of 100-130k population. To me, this should be impossible as a coordination excerise without at least converging on silver as money.
I read a magnificent book by Julian Jaynes called "The origin of consciousness in the breakdown of of the bicameral mind". Jaynes argues eruditely, although on the face of it, completely batshit crazy, that humans evolved consciousness in two steps. The first step essentially involved imagined voices in our heads similar to schizophrenics today. People interpreted this as the voice of God. Jaynes argues that this changed around 1100BC on the Euro-Asian landmass but lasted until the Spanish incursions in South America.
I think Incas not converging on silver, yet coordinating society at scale is evidence that they weren't conscience in the sense that we are today.
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What's the Austrian Economics take on Inca and Aztec empires not converging on silver as money?
#asknostr @Saifedean Ammous
#asknostr @Saifedean Ammous
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