@kofinas@PeterMcCormack You're both right. Bitcoin is not a collective solution but an individual one, it's a life boat.
@kofinas love your work, is there anyone promoting a real global solution out of this dying monetary alchemy? Not that I've found so far...
With the rising calls for our next wave of monetary stimulus, I must admit that current events have me sitting at my point of deepest cynicism about our position in the behavioral time loop of human society. This moment is unique to us today, but not to our species. It makes me deeply unsettled that we have likely surpassed every potential elegant solution for the card tower of imbalances we've built over many generations. There is only one ultimate outcome, and until its reckoning, there is only one palatable method for delaying it: create money at a scale heretofore unseen.
This is not a dollar story. It's not even a fiat story. It's a human story. A civilizational story. Taking the path of least resistance is an instinct that endures all forms of organized monetary standard. No design can resist its eternal call. The incentives we birth through our inherent short sightedness, in all instances, eventually lead to a widespread Faustian bargain where the pursuit of financial wealth supersedes all else, even productive work, naturally eroding the fabric upon which a society of mutual benefit must rest. The people's capacity to uphold behavioral norms becomes frayed by the reckless self aggrandizement of the elite rentier class. They leave their ploughshares to melt and cast and blow the charcoal of monetary pursuits. The spiral builds upon itself. Ultimately the savers are made to bear the costs of the speculators and debtors, in all instances, for the alternative becomes collapse.
History is an endless re-telling of this story, and we find ourselves in the late chapters now. The more one delves into the past, going back thousands of years, the more it appears that civilization is trapped in a self perpetuating time loop like Roland Deschain in The Dark Tower, destined to repeat the same mistakes and heartbreaks until we die and are born again. The repetitive repugnance of it digs its way into my pores like a rash. It feels unnatural, yet unavoidable.
Many will be quick to promote their preferred hard asset to hold during such tumult. Gold. Bitcoin. They may even appear outwardly excited by the prospect of being correct. The cynic in me knows they will probably end up being right. They are understandably compelled to highlight (or even cheer) the inevitable flood of debasement because it is core to their investment theses. As an owner of both Bitcoin and gold, I will also benefit. But buried within that is the wicked truth that once again, pursuit of money is the end in itself. While the savvy clutch tightly to their hoards, the majority of the working class will lose access to the hierarchy of needs. They'll find themselves further priced out of homes and educations and access to comforts. The drivers of inequality will be newly invigorated. Then our institutions which defend our collective values and uphold the rule of law will begin to teeter and crumble under their untenable weight, and so will go the trust in one other that they represent. When that time comes, there will be no monetary asset under the sun which will offer respite- the penultimate irony to those crafty hoarders investing for a post-societal apocalypse.
This isn't just a grim fairy tale of my own imagining. These lessons have been learned and unlearned countless times across millennia. All that changes are the names, places, and contemporary themes. In each instance, the signposts of progress share a symmetry with eras past despite huge distances from each other on the x-axis of time. This IS the civilizational loop. History DOES rhyme. And brothers and sisters it is singing a very familiar song, if you have the ears to hear it. We're going to muff it yet again.
@MrtnzAlvrz He vivido en ambos, el tiempo de Londres es 2-4x peor que el paisaje urbano y la dependencia del coche en UAE. Difícil de creer hasta que lo vives pero cierto
La mejor política social es criarse en un hogar estable.
La mejor política de igualdad es el matrimonio.
La mejor política de salud mental es la paternidad y la amistad.
La mejor política para el ánimo vital en la tercera edad son los nietos.