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I believe individuals can be found who are so brilliant that they nullify any opportunity costs, because they are not guaranteed to still be here tomorrow or next year or next decade.

Delta, Dirac 2y ago

Yes. All the bitcoin will still be around 1000 years from now, but there are many possibilities for the nature of the world then. I think many people fear a lack of certain comforts, which is not a masculine fear to have. Men climb mountains and pursue suffering rather than running from it.

How sad it must be to live with the noose of confidence that one's value to the world will never be able to come close to matching their bitcoin wealth. This is the curse of those implicitly revealing to themselves they were lucky.

What is the cure to this curse? Perhaps uncompromising values in the pursuit of truth and aesthetics, which is capable of transcending Bitcoin itself, for Bitcoin is critical, but it is not the primitive of life, the universe, and everything.

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Discussion

chowcollection 2y ago

You could say: What is the point of sound money, if not to spend it lavishly on people like this?

Delta, Dirac 2y ago

It may happen one day, but I suspect these cultural shifts may take many decades after the fall of the dollar. The best example that comes to mind for me is Paul Allen funding Burt Rutan's work of Scaled Composites, with the formation of Stratolaunch. Sadly, Paul Allen died 6 months prior to the first flight.

chowcollection 2y ago

To me it sounds very similar to art patronage, in that it doesn’t matter at all how much money people have. What matters is that there is a culture of people who know what to do with the money, and that they are the ones who have a lot of money. Maybe they can’t rise to the top in the current world, but they can certainly stack sats and get there by other means.

chowcollection 2y ago

Could Scaled Composites have been funded privately by Bitcoiners instead? Could it be funded privately by Bitcoiners 10 years from now?

Delta, Dirac 2y ago

There are similar sorts of things that bitcoiners could fund today, better, in fact. There is a latency to people realizing what is possible in hardware and the world is not what it was 1-2 decades ago.

chowcollection 2y ago

Yes but Bitcoiners want to see skin in the game, and I would imagine it’s very expensive to see “scale models” or samples of what can be done.

Delta, Dirac 2y ago

I agree. I was reading the other day about how Poincaré observed the aesthetic nature of physics models and was able to use it as a reliable, overarching meta-heuristic.

This is also why I put together the website Civilization Metrics, so that anyone who is concerned with honest pursuits in science and engineering could have a reference framework for how to know if something actually matters.

https://civilizationmetrics.org

chowcollection 2y ago

It’s a very helpful site, thank you!