Andrew has a great theory about how the discovery of cryptocurrency is the Great Filter.
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So they solve the problem of pushing resources into the future http://modeledbehavior.com/2011/11/26/the-paradox-of-thrift-and-the-fable-of-the-ant-and-the-grasshopper/ … in the short term...
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But underincentivize productive investment. A too-reliable store of value means maybe not enough stuff gets done/built.
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@sarahdoingthing too good for what? -
@cwage too good to make people do other productive things rather than saving
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