Mar 29, 2020, 11:32 AM
Ok. So using civilizational development, demographic, generational, technological, and business cycles I’ve been within a month or two of every major correction (opportunity exhaustion) since I started working (except china). Market timing is impossible. But Antifragility is NOT.
Mar 29, 2020, 12:34 PM
—“Boomers hate crypto for some reason even though crypto still seems more real than printing infinity money.”—Avin Welleci
Fiat Currency or “Infinity” money (share-in-economy money) is a competitive necessity. We can’t survive in a world economy without it. And we certainly can’t insure one another against disasters without it. Special Fiat Currency such as Food Stamp Money is extremely useful. There is no reason we don’t add ‘utility money, housing money’ as well. Conversely, Crypto money (token money) is a means of saving. And commodity money an even more fault tolerant means of saving – albeit a costly one. They all have their roles. I suspect it’s not occurring to you that the central issue is having one currency rather than multiple. Fiat Housing < Fiat Utility < Fiat Food < Fiat General < Digital Savings < Gold(commodity money). There is too little gold to serve as commodity money. Oil is too variable for commodity money. It’s possible to crate a basket of commodity money, from all the precious metals. My argument was that (a) crypto cannot serve as money substitute given current tech and costs of computing, (b) that self hosted crypto means the network is institutionally fragile (c) that a monolithic transaction system is faster, less fragile, and unassailable by the state. (d) the state will not tolerate the us of it for the reasons it was invented: drug money. Don’t assume boomer means bias (I’m a jones generation by the way – between boomers and x’s – like bill gates, steve jobs) It might mean (as it does in this case) i know more than you do. ’cause I do. 😉
Mar 29, 2020, 12:34 PM
—“Boomers hate crypto for some reason even though crypto still seems more real than printing infinity money.”—Avin Welleci
Fiat Currency or “Infinity” money (share-in-economy money) is a competitive necessity. We can’t survive in a world economy without it. And we certainly can’t insure one another against disasters without it. Special Fiat Currency such as Food Stamp Money is extremely useful. There is no reason we don’t add ‘utility money, housing money’ as well. Conversely, Crypto money (token money) is a means of saving. And commodity money an even more fault tolerant means of saving – albeit a costly one. They all have their roles. I suspect it’s not occurring to you that the central issue is having one currency rather than multiple. Fiat Housing < Fiat Utility < Fiat Food < Fiat General < Digital Savings < Gold(commodity money). There is too little gold to serve as commodity money. Oil is too variable for commodity money. It’s possible to crate a basket of commodity money, from all the precious metals. My argument was that (a) crypto cannot serve as money substitute given current tech and costs of computing, (b) that self hosted crypto means the network is institutionally fragile (c) that a monolithic transaction system is faster, less fragile, and unassailable by the state. (d) the state will not tolerate the us of it for the reasons it was invented: drug money. Don’t assume boomer means bias (I’m a jones generation by the way – between boomers and x’s – like bill gates, steve jobs) It might mean (as it does in this case) i know more than you do. ’cause I do. 😉
Mar 29, 2020, 5:32 PM “SO BASICALLY, THAT’S WHY WE LIVE IN A WORLD OF COOPERATION, TRADE, AND WAR” by Scott Strong So basically all of these schools of thought and socioeconomic systems fail because they fail to take into account the sober reality of humankind’s innate animal selfishness and super-predatory nature, AND that individual and group differences in worldview, intelligence, culture create vastly different preferences. So there is no universal moral imperative that will satisfy all people. Which is why we live in a world of cooperation, trade, and war. Things would have probably been sorted out by now but certain parasites gain way too much wealth, power, and influence by promoting and profiteering off of lies and divisions, while they reap the benefits of the innovations produced and not the people. Edit
Mar 29, 2020, 5:32 PM “SO BASICALLY, THAT’S WHY WE LIVE IN A WORLD OF COOPERATION, TRADE, AND WAR” by Scott Strong So basically all of these schools of thought and socioeconomic systems fail because they fail to take into account the sober reality of humankind’s innate animal selfishness and super-predatory nature, AND that individual and group differences in worldview, intelligence, culture create vastly different preferences. So there is no universal moral imperative that will satisfy all people. Which is why we live in a world of cooperation, trade, and war. Things would have probably been sorted out by now but certain parasites gain way too much wealth, power, and influence by promoting and profiteering off of lies and divisions, while they reap the benefits of the innovations produced and not the people. Edit
Apr 9, 2020, 8:29 PM The problem for Christianity is that it only has one thing to trade -psychological comfort – or what we call mindfulness – and only half or less of the population is buying it. It doesn’t have ENOUGH to trade for the rest of the population to buy it. Yet christians are desperately trying to sell to a saturated market and in doing so losing market share. Instead what Christians, pagans, heathens, traditionalists, constitutionalists and seculars have to trade is unity against the enemy that would destroy our civilization – christian, pagan, heathen, traditional, constitutionalist, and secular. So sell the the only thing the market will buy: Unity in self defense. Unity in Offense. And Unity in Victory. Because selling monopoly is failing everyone. You can’t have control. You can only preserve our trifunctionalism: the equilibrium of military, legal, and religious -each in defense of the other.
Conspiracy of Common Interests vs Of Intent —“Maybe I’m unclear on what you mean by intent. It seems to me incentives and intent are interlinked.”—Scott Strong CONSPIRACY OF COMMON INTERESTS: Passively follow incentives to seize existing opportunity – and fail to not seize opportunity that is immoral. CONSPIRACY OF INTENT: Actively work to create opportunities to seize because they are immoral. CONSPIRACY OF IDIOCY: Actively work to crate opportunities to seize that are immoral because you falsely believe that they are moral (you justify them) CONSPIRACY TO BAIT INTO HAZARD: Actively work to create opportunities for others to seize that produce immoral consequences.
Conspiracy of Common Interests vs Of Intent —“Maybe I’m unclear on what you mean by intent. It seems to me incentives and intent are interlinked.”—Scott Strong CONSPIRACY OF COMMON INTERESTS: Passively follow incentives to seize existing opportunity – and fail to not seize opportunity that is immoral. CONSPIRACY OF INTENT: Actively work to create opportunities to seize because they are immoral. CONSPIRACY OF IDIOCY: Actively work to crate opportunities to seize that are immoral because you falsely believe that they are moral (you justify them) CONSPIRACY TO BAIT INTO HAZARD: Actively work to create opportunities for others to seize that produce immoral consequences.
Apr 18, 2020, 3:45 PM Most political conflict would rapidly dissipate if maintaining a checking account, accounting, basic economics, business economics, and macro economics was taught early in life. And if basic contracts were taught early in life. And if economic history were taught early in life. There is a reason they don’t teach it. So the state can lie.
Apr 18, 2020, 3:45 PM Most political conflict would rapidly dissipate if maintaining a checking account, accounting, basic economics, business economics, and macro economics was taught early in life. And if basic contracts were taught early in life. And if economic history were taught early in life. There is a reason they don’t teach it. So the state can lie.