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a_yawning_cat's profile
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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1.  🐈‏ @a_yawning_cat May 14

      the reason slack is added to the entire system is that in some parts of the system there is too much tension. the desired transformation is not possible so money floods the system hoping to find a path from A to B

      1 reply 0 retweets 1 like
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    2.  🐈‏ @a_yawning_cat May 14

      think about the forking exploratory pattern of lightning or how much wealth and effort was spent on literal alchemy to turn lead into gold

      1 reply 0 retweets 1 like
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    3.  🐈‏ @a_yawning_cat May 14

      the desperation for at one part of the system creates the slack that is creating problems in other parts of the system modern day gold seeking includes things like “more growth” “more innovation” “immortality” etc... they’re all desperate attempts at lead transmutation

      1 reply 0 retweets 1 like
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    4.  🐈‏ @a_yawning_cat May 14

      so. the way to avoid the effects of inflation is to shorten the amount of links between what you can offer and what transformations you need this means wanting different things or having different skills

      1 reply 0 retweets 1 like
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    5.  🐈‏ @a_yawning_cat May 14

      but in general, the fewer links needed in a transformation the less sophisticated the output reducing the links so that you only grow potatoes and hoard guns and gold only works if that can fulfill your needs

      1 reply 0 retweets 0 likes
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    6.  🐈‏ @a_yawning_cat May 14

      a common way of changing needs is just to move to a different country if possible. some skills like programming are very transferrable into another link system if u only have bureaucratic knowhow however, in another country your only valued service may be avocado picking

      1 reply 0 retweets 1 like
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    7.  🐈‏ @a_yawning_cat May 14

      in additional to adjusting source-target transformations it’s also good to reel in your wealth storage so that there are fewer links

      1 reply 0 retweets 1 like
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    8.  🐈‏ @a_yawning_cat May 14

      e.g. if the stock you own has a price not based on fundamentals but on expectations on the expectations on the expectation on the expectations on the.... then u will want to transform that into sth with less links bc it will be less affected by the incoming slack wave

      1 reply 0 retweets 1 like
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    9.  🐈‏ @a_yawning_cat May 14

      notice how it’s the NUMBER and magnitude of expectations/links in the middle that matter the philosophy of what you hold doesn’t matter!

      1 reply 0 retweets 1 like
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    10.  🐈‏ @a_yawning_cat May 14

      e.g. bitcoin is philosophically a safe haven against inflation but if the current price is based on expectations to sell to someone with expectations to sell to someone with expectations etc... then it will not ACT like one

      1 reply 0 retweets 1 like
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       🐈‏ @a_yawning_cat May 14

      if the actions and the resulting market price do not actually match the philosophy, then no amount of philosophizing will actually change the expression of action think of intellectual-but-idiot exclaiming “b b b but my Model!”

      7:50 AM - 14 May 2021
      • 1 Like
      • 🚶‍♂️Vehicular Man's Laughter 🚗
      1 reply 0 retweets 1 like
        1. New conversation
        2.  🐈‏ @a_yawning_cat May 14

          so, to get a sense of how to transform your assets in the event of a disaster you can ask "if i were escaping to another country, what would i bring with me?" the stuff you'd eject is the stuff w/ more expectations

          1 reply 0 retweets 0 likes
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        3.  🐈‏ @a_yawning_cat May 14

           🐈 Retweeted  🐈

          THIS is why not thinking for yourself when buying assets kills you. if you are just listening to expert advice instead of thinking things through you'll have no idea what to do eject b/c they're all "equally" valuablehttps://twitter.com/a_yawning_cat/status/1393072216904925188?s=20 …

           🐈 added,

           🐈 @a_yawning_cat
          you know how in math how you HAVE to think through yourself w/ no shortcuts something to *really* understand it? clinging to the final output so that it can be regurgitated misses the entire point
          Show this thread
          1 reply 0 retweets 0 likes
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        4.  🐈‏ @a_yawning_cat May 14

          there are hundreds of ways to ride a bike from A to B but if you don't know the basics of how to brake then you're going to crash no matter how fast you're going the obsession with speed & skipping the brakes & turning course is PRECISELY what causes you to crash

          1 reply 0 retweets 0 likes
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        5.  🐈‏ @a_yawning_cat May 14

          there is obviously some elite gating here. only the relatively elite can even think about sth like "how do i escape to another country" but even then, the people who don't have to think about this kind of stuff are well... PRIVILEGED (b/c they don't live in a shit government)

          1 reply 0 retweets 0 likes
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        6.  🐈‏ @a_yawning_cat May 14

          the "what would i dump" thought experiment is also more tricky than it sounds e.g. "i can't keep my house if i'm moving" may lead to thinking that real estate should be dumped but if the crisis is short term then "somewhere to live" is pretty low link count

          1 reply 0 retweets 0 likes
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        7.  🐈‏ @a_yawning_cat May 14

          so in that sense of local who will move "over my dead body" may have better intuition for what is low link and what is high link. they don't miss the trees for the forest

          1 reply 0 retweets 0 likes
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        8.  🐈‏ @a_yawning_cat May 14

          so the thought experiment of "if i were escaping to another country" has to be adjusted based on magnitude of disaster and your own mobility pref e.g. in the u.s. it might be "if i were escaping to another (lower cost of living) state/reg" or "if i were switching careers" etc...

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        9. End of conversation

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