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Chesterton's archaeology: rediscovering what was once important, and might still have been very beneficial, had it not already been torn down. Related: https://unenumerated.blogspot.com/2012/08/proxy-measures-sunk-costs-and.html … Related: techno-reactionaries rebuilding Chesterton fences with new material.
The new fence should be made with much stronger material, so that it won't get torn down this time. Example: Bitcoin with good key management can be much more securely stored than gold, and being digital is more securely and far more inexpensively transportable than gold.
![Giacomo Zucco [I identify as a -e^iπ vampire]](https://pbs.twimg.com/profile_images/1172971162919415813/Pn8O2gkx_normal.jpg)
One of my favorite techno-reactionaries: Keith Emerson used electronics to play classical music in a new way and to introduce classical forms into pop.pic.twitter.com/gNJDYBDiBB
The Gold standard could be knocked down because people were not protecting it, they got complacent and accepted the paper proxies even after they were no longer redeemable in anything else than themselves. Bitcoin is also not immune to complacency that will follow its success.
Agreed, and I think complacency is a bigger threat to Bitcoin than to gold, since the upkeep of the network relies on incentives/continual vigilance. And once the system decays it’s probably harder to come back.https://twitter.com/hugohanoi/status/1098603773369466883?s=21 …
Also, supply and inflation rate is known.
Finite & known vs. indefinite/unknown/perpetual Cantillon effects.
What do you consider good key management for an individual? Any errors that most people currently make? (besides just keeping coins held by third party)
Letting somebody else do the whole thing is definitely the biggest error. But going whole-hog the other way and never backing up or sharing with an heir is also an error. Hard to get right with current generation wallets.
Thanks!
You da man.#og
unless one imagines a global crash in terms of energy supply in the coming years. Gold will remain.
X16R omg eh?
The average earth citizen has no use for stored gold or stored assets of any sort. They need money.
Which method to manage your keys would you recommend. 1 hardware wallet 2 paper wallet 3 encrypted storage (ie. Veracrypt) 4 multisig scheme 5 other (please explain) 6 combination of above solutions
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