so the artificial interest rate destroys price discovery the venture that made sense at the moment money is borrowed is no longer profitable as more people get the same idea & excess money floods the system
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e.g. it would hypothetically reduce the number of male chauvinist toxic founders who don't actually know how to deploy capital and just bully their way to the top but it wouldn't fix the issue of support roles being culturally undervalued
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so the attitude towards bitcoin of "it's just more money bullshit" is correct. it doesn't solve the fundamental problem of money being ineffective at tokenizing patterns of value that cannot be tokenized
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what's worse is that its philosophy of "slap the babies" also feels antagonistic to the desire to get the support roles properly compensated. it feels "mean" when the goal is more "nice"
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with violence sometimes it feels like one should take up the mantle of god and impose a moral structure and FORCE everyone to be nice but nature knows that fighting is often the only way to communicate the winners must be recognizedhttps://twitter.com/a_yawning_cat/status/1401893823735689216 …
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like... if a different colored animal in your class gets an A at math vs your C is it really that hard to say "oh you are the winner in this domain" y u gotta go "my C is JUST as good as your A. also, i'm more moral"
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