universalcompass

Deus sive Natura /
Only ideas can overcome ideas. - Ludwig von Mises /
All models are wrong, but some are useful. - George Box /

*Buy #Bitcoin

[universalcompass @univcompass]

@Conza @KonradSGraf Sure, if you could find direct quotes that refute what Ive said that would be helpful instead of spamming low info/relevance slides. Even if I get on board with it being a digital commodity, it is still simulated by and dependant on the network, as Ive said in about 5 ways now

[universalcompass @univcompass]

@KonradSGraf @Conza Yes what are the qualities then? Because Bitcoin doesnt share other certain qualities with gold,oil,wheat,etc, and as Ive noted above, it shares some with fiat/ledgers as well. Mustnt you also include ETH and the rest of the scams in your digital commodity bucket? Why or why not?

[universalcompass @univcompass]

@Conza @KonradSGraf Bitcoin is not inherently digital. It can be done with paper, pigeons, and abacus. ‘Rivalrous’ is then redundant with ‘commodity’, commodities = rivalrous by nature. Bitcoin is not really a commodity ontologically. It is a network that simulates one through consensus

[universalcompass @univcompass]

@Conza @KonradSGraf No contempt here but as far as Ive seen youve been condescending, handwaved my points without addressing. I watched, Ive read plenty. There is an order of operations and you are reversing it. Its idea>attracts network>admins ledger>scarce ledger positions>simulated commodity

[universalcompass @univcompass]

@Conza @KonradSGraf As per your definition, it fits pretty well aside from the government/state issued aspect. The white paper = "Let Bitcoin be done", a series of decisions, the rules to be followed. It is more accurate to say it is protocol (as opposed to gov/state) fiat that simulates a commodity

[universalcompass @univcompass]

@Conza @KonradSGraf It is a bit of a waste of time since you are walking past the same point each time as if it doesnt need to be addressed. I didn't say it was fiat, I said it has properties that fiat has. It also has properties of a commodity (its designed to simulate one,that doesnt make it one)

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf A satoshi (like fiat) is an abstract ledger position, maintained by protocol + consensus (in the Fed's case, a very small consensus).
In a reorg, the utxo set can change and your valid tx can get orphaned. Thats an emergent system doing ontological work, not a digital rock

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf Its not fiat, its not a commodity, it has properties of both and neither. If its just a commodity and the network doesnt exist, then why is your TL full of bitcoin politics? You seem to care quite a bit about BIPs, and want to influence consensus with your posts

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf This one seems to be conceding it is a good not commodity? Whats your definition of a commodity? Doesnt fit Mises' as far as I can tell. Is the existence of any other commodity maintained by consensus? Bitcoin is a synthesis of commodity and fiat money, it needs a new category

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf This video also doesnt address my point, its a bit orthogonal. Im asking, is commodity the right ontological category, given that the existence of the satoshi (the scarce ledger position) is maintained by consensus?
New form... As in not like any other before it?

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf From his website-
https://t.co/nek6XdRVH6
"Bitcoin does not fit so neatly into pre-existing boxes from the past, including concepts such as money, commodity, and property."

[Massimo @Rainmaker1973]

The forbidden math spiral

[📹 fascinating.fractals]

[universalcompass @univcompass]

@SandyofCthulhu Interesting that we really don't see monsters that look like that scaled up to our size. Evolution doesnt seem to have explored that for some reason(s)

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf I think we mostly align on this too but where we split hairs, and what my OP was saying, is I don't think it quite fits perfectly into commodity, at least not philosophically. The satoshi is not separable from the network, unlike any other commodity. It's a scarce ledger position

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf Methodological individualism is useful, but not complete, it doesnt seek to explain physics. I agree with what you posted, but bitcoin is not only a free market. It has objective network properties. Even Graf says in the book, B and b can't be seperated. Can MI explain this?

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf Here's how I think of the order of operations of bitcoin. Which part of this specifically do you disagree with? I feel your point that Bitcoin the network doesn't ultimately exist ontologically is a leap I can't follow. The satoshi is downstream of the network

[universalcompass @univcompass]

@Conza @LynAldenContact @harry_sudock @jackmallers @dergigi @Strike @KonradSGraf in Austrian sense own means control, right? Who owns the sats ultimately? The network, I would think. I'll have to spend more time with that book thank you for sending and for your timely response 😉

[AJAC @AJA_Cortes]

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[DEG Mods @DEGMods]

@Pirat_Nation Open-source <3

There's also, apparently, been a movement about creating open-source machinery to help build and/or maintain a civilization. It's called Open Source Ecology.

Great stuff/love to see it.

[universalcompass @univcompass]

@undeservingfut Great theory! Only one thing I disagree with in there: "It's Unlikely that Humans Have Any Technological or Intellectual Knowledge That Could Benefit E.T.s." Lots of uniquely human techs, like our music and especially instruments... did aliens have guitars already?