I can see why this kind of colorful bullshit prose appeals to a certain type of Bitcoiner, but there isn't any substance to this. Idiocy.
#[4]
I can see why this kind of colorful bullshit prose appeals to a certain type of Bitcoiner, but there isn't any substance to this. Idiocy.
#[4]
If you want to learn more about BTC and "principles of economics" as they relate to BTC, I recommend going through the literature here:
https://nakamotoinstitute.org/literature/
Specifically look for stuff written by Nick Szabo. Some particularly good ones: "Shelling Out: The Origins of Money", "Trusted Third Parties are Security Holes", and "Money, Blockchains, and Social Scalability"
This is exactly what I was looking for. Thank you!
You clearly haven’t read a darn thing about Austrian Economics have you?
Yes, I have. Austrian Economics is sound. Mises, Hayek, Rothbard etc. all sound. In constrast, quotes like the one you shared offer no substance. Just bullshit spew with a toxic spin for morons to eat up. Saifedean is good at that.
It is a direct critique of socialist thinking and actually has a lot of substance if you can grasp what it means.
Capitalism initiates the process of civilisation, socialism works the other way around, i.e. towards primitive life outside of civilization. The only sound argument one can make against capitalism is not an argument, it is making monkey noises and throwing your own shit at capitalists. What this means is that you cannot criticise capitalism without using its tools.
However, your personal hatred of Saif bears no significance towards the validity and utility of his ideas. The fact remains that he has greatly advanced and connected Austrian ideas with Bitcoin and offered a great analysis of money and time preference. Sure he is biased and at times “toxic” like everyone else including you, but this is certainly no reason not to appreciate his work.
Capitalism = civilization. Socialism = monkeys throwing shit at each other. How profound. Wow when you put it like that I'm truly in awe of the intellect on full display.