We stopped using the gold standard because fiat currency is better Being backed by the laws of the government of the country you live in is, in fact, the strongest thing any currency can be "backed by"
-
-
Replying to @arthur_affect @Tom_Scribbler and
*that is if you think the laws of the government are greater than the laws of nature
4 replies 0 retweets 1 like -
Replying to @BitcoinBiology @Tom_Scribbler and
"Value" does not exist as a concept in nature, it is a concept that can only be defined and created by human beings
4 replies 7 retweets 60 likes -
Replying to @arthur_affect @BitcoinBiology and
I had just found the the definitions of the Reification Fallacy and the Mind Projection Fallacy while studying the philosophy of science regarding Quantum Physics and it would seem to apply well to money, especially Bitcoin.
1 reply 1 retweet 5 likes -
Replying to @Tuplet @arthur_affect and
At a high level, I think the world will be better once we stop trying to use money at all. But Bitcoin is not a step in that direction; it's a way to make money EVEN MORE damaging than it already is, which is impressive in a way.
2 replies 2 retweets 22 likes -
Replying to @Tom_Scribbler @Tuplet and
Just like all the people pointing out the digital artists who once positioned themselves as radical anti-IP leftists and are now into blockchain are the worst kind of hypocrites Recreating IP in its worst, most destructive possible form
1 reply 2 retweets 30 likes -
Replying to @arthur_affect @Tom_Scribbler and
I'm a big squishy sellout liberal when it comes to the concept of IP -- I think that, for all its flaws, unilaterally abolishing it under the current system will only hurt creative workers and artists But "fiat" IP is *limited*, it has *exemptions*, and it *expires over time*
1 reply 2 retweets 26 likes -
Replying to @arthur_affect @Tom_Scribbler and
Copyright terms being limited is basically "inflation" -- you will lose your IP over time so as long as you have it you gotta use it or lose it The longer copyright lasts and the more expectation IP holders have of extension, the slower the "inflation" is
1 reply 2 retweets 19 likes -
Replying to @arthur_affect @Tom_Scribbler and
And "low inflation" leads to the same dysfunction with IP that it does with money -- incentivized hoarding, soaring wealth inequality, a "recession" in new ideas
2 replies 1 retweet 19 likes -
Replying to @arthur_affect @Tom_Scribbler and
"hoarding" is not the issue per se. Have to consider why we hold money in the first placehttps://mises.org/library/yield-money-held-reconsidered …
1 reply 0 retweets 0 likes
I do not have to consider that and refusing to consider things from the Von Mises Institute is in fact a wise and healthy decision
-
-
Replying to @arthur_affect @Tom_Scribbler and
If you don't think through why we hold money to begin with, you're unable to make coherent argument for why 'hoarding' is bad
1 reply 0 retweets 3 likes -
Replying to @stephanlivera @Tom_Scribbler and
I have, in fact, been through this argument many, many times before since I was in college and found it in the end a profound waste of my time and energies that has done nothing for my growth as a human being So no
3 replies 1 retweet 18 likes - Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.