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a_yawning_cat's profile
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@a_yawning_cat

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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 Jun 6

      so the common story is that gold peg was responsible for the great depression b/c there was "bootstrap" mechanism to escape the local minimum & that expenditure during ww2 was the trigger for escape velocitypic.twitter.com/XyYjs8n7k0

      from: the bitcoin standard
      1 reply 0 retweets 1 like
      Show this thread
    2.  🐈‏ @a_yawning_cat Jun 6

      however, many many people have likely seen how a new initiative at a company can actually cause or exacerbate a problem but due to political reason MUST be seen as the savior of the project

      1 reply 0 retweets 1 like
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    3.  🐈‏ @a_yawning_cat Jun 6

      another common scenario is when something old is blamed as THE problem for everything even though it may have been irrelevant to the actual cause

      1 reply 0 retweets 0 likes
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    4.  🐈‏ @a_yawning_cat Jun 6

      in software companies, blaming some old language/framework or worshipping some silver bullet new language/framework happens a lot even though the REAL issue is almost always an interpersonal relationship problem

      1 reply 0 retweets 2 likes
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    5.  🐈‏ @a_yawning_cat Jun 6

      it's unclear what would've happened if the gold peg were maintained but given what's happens politically at the company level, i wouldn't be surprised if this twisting of history was even more severe at the sovereign state level

      1 reply 0 retweets 1 like
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    6.  🐈‏ @a_yawning_cat Jun 6

      just to steelman history as "what needed to happen" u can make the argument that forced centralization causes indirect impoverishment BUT forced centralization is the only way to defend against another entity's collective action (e.g. nazi germany)

      1 reply 0 retweets 0 likes
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       🐈‏ @a_yawning_cat Jun 6

      war isn't even necessary. collective action like "closing a border" or "wearing masks" is warlike in that it can potentially widen an economic gap. decentralization cannot defend against collective action w/o becoming centralized itself

      12:37 AM - 6 Jun 2021
      1 reply 0 retweets 0 likes
        1.  🐈‏ @a_yawning_cat Jun 6

           🐈 Retweeted  🐈

          the point of decentralization isn't to replace or overthrow centralization. it is to have checks and balances in place so that centralization is incentivized to be useful. w/o a decentralized alternative to compare against, it rots & stagnateshttps://twitter.com/a_yawning_cat/status/1400204734741446656 …

           🐈 added,

           🐈 @a_yawning_cat
          gold, guns, and bitcoin are "anarchy". they r weapons of kinetic and economic violence that allow u to disrupt and destroy physical or psychic boundaries wo having to borrow power from a central authority it is sth that cowboys & immigrants understand the importance of
          Show this thread
          1 reply 0 retweets 1 like
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