Even broader Q is why people see money, at its core, as an evil rather than a tool for liberation, if it’s always been that way and, as we get collectively richer, if that will change.https://twitter.com/eriktorenberg/status/1136471975898091520 …
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Replying to @KevinSimler @eriktorenberg
^^ flippant answer that I don’t think is the whole story, but seems an important part
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Replying to @KevinSimler @eriktorenberg
riffing off this, I feel like it has something to do with the lossy nature of compressing value to a single dimension; value is illegible and there's a natural resistance [I think] toward imposing legibility
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thinking about the uncomfortableness of helping a friend move for money: you'd rather just have them "owe you." I suspect both sides benefit from the illegibility of the tx, & imagine if they tried to pay a "fair" price it would probably leave one (or both) feeling undervalued
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Replying to @wminshew @eriktorenberg
Kevin Simler Retweeted
totally. See also this answer (+ following 2 tweets) to Erik’s earlier question: https://twitter.com/michaelsnewname/status/1136473583247642624?s=21 …
Kevin Simler added,
This Tweet is unavailable.1 reply 0 retweets 2 likes -
how is transactionality a good thing? terminal transactions turn everything into a market for (things that eventually turn out to be) lemons.
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transactionality makes everything much more efficient. it’s liberating not to have to know someone to do business with them. you can move around more easily. etc.
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