Imitation can be an amazing thing. When we imitate virtue, we become more virtuous. It can also be really bad because the same can be said of vice.
But generally people will imitate what they perceive to be successful for climbing in status. Thus, a poorly incentivized system will make all society degrade and a well incentivized system will make society much better.
Fiat money is the wrong incentive at all levels.
Imitation is the best compliment to somebody 🌹
Imitation and repetition is how children form their neural connections
When you say “fiat money is the wrong incentive” some would focus on the “money” part of it. Whereas money is just a word denoting a way we channel value and energy from one to another.
Fiat is wrong. It is distorting, corrupting, and ultimately destroying fabric of reality.
Other incentives - happy relationships, healthy family, strong body and mind - are all good, but very hard to measure to understand how you progress.
So how do we incentives people that these good parameters strengthen, but at the same way there is a simple unit of account to measure it?
Bitcoin? Maybe, but it’s too volatile in units to which majority of people are accustomed.
We might need to find a way to make the transition from fiat to hard money possible and understandable for most. Gold? Real Estate Equivalents? Are there any other scarce assets present at all?
team #bitcoin is fixing this 🧡
The concept of imitation is core to The Meme Machine by Susan Blackmore (ISBN 019286212X). That book is one of three that changed me forever. I can’t recommend it highly enough.
And to add to that, it sends false price signals. Via government subsidies and interventionism, the price of certain hand picked goods are inflated. This leads people to overvalued them and mis-allocate their capital.
