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by pistle
4381 days ago
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Any cryptocurrency of value seems to have to fall back to undesirable bureaucratic policies or be devalued by having its own ideology turned back upon itself. The human cycles spent in monitoring and securing value will put a major drag on the ability of the currency to stabilize its value. Stable value gives currency utility. Utility gives a currency adoption. Adoption gives a currency value. |
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"If you collect a bunch of people and tell them to abandon all the social norms like honesty, politeness, respect, charity, and reason in favor of a cause – then the most likely result is that when your cause tries to develop some internal structure, it will be overrun by a swarm of people who have abandoned honesty, politeness, respect, charity, and reason."