"Law. Language. Money. The three paradigms of spontaneous and emergent order in society."

https://dergigi.com/assets/video/hayek.mp4

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Did Hayek ever envision a trustless ledger like Bitcoin?

At least a sly roundabout way

But Bitcoin is not a sly roundabout alternative.

It’s a new technology altogether which is usually unstoppable and doesn’t do sly roundabout.

Bitcoin isn’t sly but I think it’s excactly the kind of thing he thought when he said it

In the beginning it was enough sly and roundabout to not draw to much serious attention. We’re past that stage now though

What could governments do in the beginning that they can’t do now?

Good question. But whatever they could do, they would have less work, less miners, less everything. But would it have helped? 🤷

And if not, isn’t this the ”sly and roundabout”-property of bitcoin then?

you didn't get what Hayek was saying - the way in which it was introduced was sly and roundabout - there is no stopping it and Satoshi made sure of that by disappearing... very sly and roundabout of him...

What I’m saying is it wouldn’t have made a difference if Satoshi didn’t disappear. He invented an entirely new technology and that is all that matters.

No but he literally wrote the book on competing currencies.

Based AF

Bitcoin is the tool that allows us to rethink the norms established by society, challenging the logic of what we think we know about economics, law and regulation. It is an invitation to reflection and change, to imagine a fairer and more equitable future.

pratically... Bitcoin 😃

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Legend. Would definitely have been a bitcoiner ⚡👌

Wonderful man!

Wow moment!

he's the coolest old dude of this decade, and the one before! And he wasn't even alive in them! :D

genius. He said it all absolutely correctly, and predicted the rise of Bitcoin!!

Stay humble and stack Hayeks.

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A sly roundabout way ...

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