Replying to Avatar Sourcenode

Hey nostr:nprofile1qqstm84k2lp9knmvmf5gw88zvfvar7duvfpqfplryfystdn55ug2gksprfmhxue69uhhyetvv9ujumn0wd68yurvv438xtnrdaksz9thwden5te0wahhgtnwdaehgu3wwpshyareqyg8wumn8ghj7mn0wd68ytnhd9hx2j8uly5, I was listening to you and nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvq9n8wumn8ghj7enfd36x2u3wdehhxarj9emkjmn99ah8qatzx9e8gmr3vdsnsu3kv96hjcthx4hr26pnds6ngv3jv3kngumj0y6kg7nxv4jngd3exen8zefcwvm8zem4v34hxdmydf6xvuelvfex7ctyvdshxapaw3e82egpzpmhxue69uhkummnw3ezuamfdejs5mzk3a on nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg4waehxw309ajkgetw9ehx7um5wghxcctwvsq32amnwvaz7tmjv4kxz7fwd4hhxarj9ec82css0rm9g's pod.

You mentioned that you dove pretty deep on Marx prior to finding bitcoin.

I have read very little Marx directly, but I defaulted to the left early in life as well. (having gone through public school in CA)

Bitcoiners on average have a canniption if someone says Marx had some valid opinions.

My personal philosophy is that everyone has valid opinions. "Nobody is smart enough to be wrong all the time." - Ken Wiber

Ignoring opinions from people we disagree with is a representation of philosophical weakness in my opinion. Often stemming from (valid) fears.

The safer we become from communism/authoritarianism the more willing I feel to consider what my blind spots are.

Two questions I'd love to get into if you're interested:

1. How would you say Marx's theory differs from current day implementations of the left.

2. What valid opinions did he have and what could be learned from them?

Both left/right ideologies seem captured by poorly incentivized institutions. Bitcoin fixes the sponsor/patron problem.

Keen addresses your first question in a way and with historical context. https://podcasts.apple.com/us/podcast/lex-fridman-podcast/id1434243584?i=1000570189155

Reply to this note

Please Login to reply.

Discussion

I'm listening to this now, about 30 minutes in. I find this guy's economic theory really challenging to understand or relate to.

It sounds like he's advocating for credit based monetary expansion by private institutions, which is very similar to what we have with the federal reserve. He hasn't mentioned the bond market yet, but he's against sound currency.

I'd take the time to consider what he's saying, but now that bitcoin exists his opinion is irrelevant to me personally. I would never choose to use an inflationary credit currency over bitcoin.

Maybe I'm missing something?

Also haven’t finished listening to it but he does take a passing swipe at bitcoin at one point, which seems odd for such a well read economist. Tho he admires Keynes as a writer which is like saying Mussolini was a fashion designer.

Yeah the whole thing seems unfocused and wide ranging. I don’t know how one can be an Austrian without a sound unit if account.

The guiding question still seems to me this: who owns your ideology, whether a charismatic strongman or a secret intelligence agency? Sub-question being implied is this: can any political movement ever be pure, un-manipulated at the narrative or financial level? If not: fuck the sponsors or war and fuck their fucked incentive structures.

Political movements exist only in the realm of ideals. They aren't real in the physical sense.

I think bitcoin provides us with a unique opportunity to link the ideal to the physical.

In this sense it will brush aside all the ideals which are not compatible, including this arm chair economist.

But that’s manifestly untrue. Just think of the 99% or the MeToo or the Woke movements: all ideals turned to occupied buildings, losses of prestige, and neutered kids respectively.

Follow the provenance of your ideal. As many philosophers say.

I see your point. I might have been too absolute in my statement. Those ideals obviously informed physical action and outcomes, but the ideals themselves are not real in a physical sense.

There's nothing tying them to reality except for the people who chose to believe them. There's no bounds to how those ideals are translated into action.

I'm not sure if I've fully formulated what I'm trying to get across yet, but maybe you see what I'm getting at.

Narrative control: the institutions have psyops but we have memes. I say we win but it’s going to be a fight. They have the world to lose and we have the world to free.

Absolutely yes