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Adopting Bitcoin definitely changes people for the better. It reduces action from fear & extends people's time horizons.

It's hard to extrapolate out these effects among a small % of the population out into the masses as hyperbitcoinisation accelerates though.

There will still be a select group that has more power & wealth than others. I like to think that these individuals will operate with more morality than the current elite. That the incentives among these individuals will be towards voluntarism over slavery & the exploitation of the weak.

Among the elite, a copycat strategy becomes the most advantageous strategy. Wealth can't be accumulated long term via theft & pillaging. It can only be accumulated by producing more value to more people via voluntary exchange.

People will probably still sell their bodies and the bodies of their children but I think you'll also see a shift in culture around what's unacceptable behaviour.

I guess we'll have to wait & see. 🧡

Beneath The Ink 1y ago

How people behave is based on how they are raised and on the environment in which they were raised. I'm hard-pressed to believe the "kind" of money they use will automatically change that for the sake of being hard money or the best kind of money.

You might argue that having a deflationary asset as money means people have to work less over time to receive the same amount of compensation which might lead parents to have more time raising their kids and communities better infrastructure but it doesn't remove the "human" aspect of it.

Just because a parent has more time to be with their kids doesn't mean they'll spend it with their kids. I read a good piece by @Laeserin about who would pay for the roads in a Bitcoin world, would there be an incentive to do so? https://yakihonne.com/article/laeserin@getalby.com/1718520479115 Its interesting to think about the implications of removing investment profit motives. In this sense, yes, Bitcoin might remove the incentive to run sex slavery. But like any industry, it doesn't exist without a demand and that means people have to be raised right.

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Brisket 1y ago

Conditioning plays a part in how people behave because most people act unconsciously based on historical events. Conditioning is the deliberate use of incentives to affect behaviour.

How people behave is therefore largely based on the incentives that exist in their environment. As the incentives change, people's behaviour changes (with time). So much of the problems we see in the world are from misaligned incentives from easy to print money & central planning. People currently look to the authorities to find the best course of action. We no longer work to satisfy the needs of the free market but rather the needs of those who benefit the most from the money printers, the cantillonaires & bureaucrats.

Money is how humans express their preferences for 1 thing over another. It's a technology & protocol for human cooperation. A free market knows to produce more or less of any particular product or service based on price signals. If the underlying money is corrupted, so are the price signals.

I honestly don't know what sort of nihalistic state I'd be in if I hadn't found Bitcoin. I didn't realise how important seperating money from state was.