Nostr Web Client

I once asked someone I met on the orange pill app about the difference between Ayn Rand's Objectivism and Mises theory that all value is subjective.

He gave me a great answer. He said Mises essentially meant the same thing.

Reality, say my full node, is objective. My interpretation of that reality is subjective. We see bitcoin as a ledger verified by math and think our truth machine is undervalued, at least I do, but peoplenon nostr tend to agree. 😃

A lot of people tell me they "don't trust bitcoin." That's also subjctive, but it's based on an epistimology of feelings rather than logic(math).

Value, therefore, is a subjective interpretation of an objective reality. People who tend to judge objective reality with "feels" tend to be poor because they have a high time-preference and buy french fries on credit. People who use logic as an epistemic guide tend to buy assets.

It kind of is all in your head. A red baloon is red, but not everyone can see red.

Silberengel 8mo ago

You're showing your subjectivity, actually, since the biggest complaint most people I encounter have against Bitcoin is that it doesn't work as effectively as tangible goods, when the power goes out.

They think Bitcoiners are just too chronically online to care about the possibility that we might all end up spending days, weeks, or months without the Internet, and eventually without any computers. And that most people don't have any savings, anyway, so who cares about store of value.

They think _we're_ the "feels" people, who can't think logically and have lost touch with reality.

https://www.youtube.com/watch?v=UG7zLhEWanc

Reply to this note

Please Login to reply.

Discussion

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 8mo ago

there was no bitcoin in spain yesterday :)

Silberengel 8mo ago

Got cash?

Got silver or gold coins?

Got vodka or some eggs?

Marc 8mo ago

Lol. People have given me this argument too. I tell them there is a small chance humans lose the ability to produce electricity like they forgot how to make concrete in the dark ages, but your Visa card won't work in that situation either so you should diversify your portfolio with bullets.

Silberengel 8mo ago

Hyperbole. More feels.

Also, credit cards actually do work for offline transactions.

Tim Bouma 8mo ago

Yep. I tap my credit card to get on the bus. NFC/digital, but offline. Transaction gets posted usually the next day.

Low risk that I might get a free fare using a defunct credit card, but by the time that I’ve tapped, they’ve collected enough information to hunt me down and kill me in my home.

Silberengel 8mo ago

Yeah, they don't necessarily close the stores because of the inability to pay (credit cards still work, as does cash), but because the registers are down, and it would take forever to figure out what everything costed and conduct the transactions.

Our local village stores still have price stickers or lists for everything, and they take cash, so they can stay open. But try that at the Carrefour checkout register.

Silberengel 8mo ago

Some stores don't even have people at the registers, anymore. It's all self-checkout and there's just someone lingering around, to help and stop shoplifting.

Tim Bouma 8mo ago

I remember once, at a super busy coffee shop downtown where all the workers regularly went, the payment system went completely down - they did not skip a beat - they wrote paper IOUs for each customer and asked them to settle up the next day. It was amazing to watch. Needless to say, I settled my IOU the next day.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 8mo ago

i haven't seen one of those carbon paper card "printers" in at least 15 years. no power or no phone/internet, no card reader these days

Marc 8mo ago

🤣 Great video. I love how the street lights are so solar-flare resistant.