Conversation

Just had an interesting exchange in discord that led me to the idea that in trad economics, money implies ledgers, but in blockchain economics, ledgers imply money. Or in expanded form: monarch implies money implies ledgers vs anarch implies ledger implies money.
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It’s a bong-rip grade thought but I’m serious. If you look at how exactly the algorithms bootstrap trust from trustless (byzantine). conditions, you realize that a reified thing like money pretty much has to emerge. But the more there is initial trust, the weaker the emergence.
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It’s like how in Newtonian mechanics spacetime just contains mass. In relativity, mass creates spacetime to a first approximation. Or more accurately, “spacetime tells mass how to move, mass tells spacetime how to curve” as JA Wheeler put it. One of my favorite quotes.
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