What Do People Mean When They Say “Fix the Money Fix the World”
The golden age of any human civilization is predicated on advancements in technology. Ambitious societies build things that are actually valuable to their constituents. These valuable things facilitate advancement in every aspect of the culture and ultimately that civilization is propelled forward. Here’s a brief example to get the point across:
Roman masons created the arch, which enabled the aqueduct, which led to the creation of large cities that facilitated the spread of ideas in which beautiful art was born.
While admittedly a simple example, it succinctly illustrates how technology enables advancement and better, more beautiful lives for all participants. This is our uniquely human trait, our gift from God, that sets us apart from every other animal. We are so good at this, that none other than the brilliant technologists Naval Ravikant can explain-
“Humans are exceptional. In epistemology, humans are the only non-Bayesian reasoners. In evolution, humans are the only memetic creatures that we know of. In the theory of computation, humans are the only universal explainers that we know of other than, of course, the computers that we’ve invented….In fact, the mind-blowing thing here is that your mind cannot be blown. There’s no idea out there that your mind cannot absorb given the time and the effort.”
Creatures of Habit
- Technological advancement creates a schism in the existing paradigm which spawns an opportunity to take advantage of.
- Taking advantage of these opportunities is generally done by ambitious men who tend to create vast amounts of wealth, power, and prosperity.
- While on the rise, that civilization is “moving fast and breaking things” as the proverbial tech wisdom goes. Growth is prioritized and celebrated culturally in society because everyone is doing better.
- Since the “Rise” happens inherently in the beginning of a civilization’s story arc, this tends to be when markets are the freest and there is the least amount of regulation
- The society is prospering as a whole because market signals are clear. There is a succinct and functioning feedback loop – Capitalists are using markets to organize capital, deploy capital, and create more capital.
- This is, in fact, the only way technology can be created and brought to market in the most efficient manner possible.
- Which obviously, benefits the most market participants
- Civilization reaches their technological and moral height
- The most ambitious capitalists have created and gathered vast amounts of wealth
- The creator(s) of technology and the people closest to it, in proximity and time, tend to have the greatest respect for it.
- There is a society-spanning appreciation for how things used to be and how much work and risk were needed to get to the heights they have reached
- Unfortunately for our human strengths we also have human weaknesses
- Wealth & power tend to create a centralizing effect. Now the civilization is rich and powerful. This attracts the worst type of people.
- Enter the bureaucratic class
- Power ends up consolidating in proximity to the money printer
- They can’t compete in the market, so they compete in lawfare
- Institutions and regulations are designed to alter the once free markets to benefit the backroom Kabal
- Incentives become skewed to the point where market participants can no longer make calculated bets with their capital. Rather a fake façade is created through market manipulation.
- There is no sense of a functioning feedback loop; therefore, market participants are forced to resort to gambling with their capital
- The mechanisms (free markets, capital organization, capital allocation, technological advancement, freedom, moral cohesion, and societal respect) by which a great civilization has been built are now no longer intact. They have been fully derailed or explicitly destroyed.
- At this point, the unproductive managerial class has been in charge for some time and managed to eradicate every (or nearly every) aspect of the rise
- They have been diligently working to keep the racket going, but at this point it is too painfully obvious to the market participants
- The horrifying truth of this phase is that the façade is stitched together by the power of the money printer
- They can keep patchworking the facade for a surprisingly long time
- We all know the old saying – “The bigger they are, the harder they fall.” Well in this case its more like “The bigger they grew, the longer they can keep the music on”
- Heaven forbid this ever happens in the U.S. we could maybe point back to the end of the gold standard and be in awe about how it took 100 years to finally get here
- However, once this process is in motion, every once-great civilization is destroyed from the inside out
Their Failure, Our Opportunity
“Satoshi created a way, gave it away, and went away”.
- Digital
- Bitcoin is an open-source verifiable protocol native to the internet
- Fixed in supply
- There will only ever be 21M coins making it the most scare asset ever known to man
- Global
- If you can connect to the internet you can participate in the bitcoin network
- Programmable
- Bitcoin’s open-source nature allows developers to propose robust scripting capabilities through consensus adoption
- Inelastic
- Bitcoin will always represent the same unit of account over space and time
- Durable
- Bitcoin is an immutable store of value that cannot be destroyed or altered
- Secure
- Bitcoin is raw digital power. It is a wall of encrypted energy backed by 634 Exahash and 20 gigawatts of dispersed electricity
- Divisible
- Bitcoin is divisible into 100 million satoshis, enabling transactions of any size, from micro-payments to large transfers.
- Permissionless
- No central entity can determine who can participate, who they participate with, or how they participate within in the network
- Portable
- Bitcoin can be transferred globally in minutes through the internet, without physical limitations or intermediaries.
- Egalitarian
- Bitcoin is accessible to anyone with an internet connection, providing equal financial opportunities regardless of location, status, or wealth.
Understanding the Moment
Conclusion
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