I would rather you tell me why the money isn't broken, since you brought it up.
I might agree it's not the money that's broken, but rather the system it operates in and the people involved and their control.
I am curious about your point/view
Discussion
Proof of work and scarcity is what fixes it
money is a tool, and now it’s a tool that has been deliberately fashioned to control and economically enslave.
it is successfully achieving its end.
we would never say a car that drives from point A to B is broken, so why do we do it for money?
because we only look at money economically, and not morally.
Even when the money wasn't designed for control and economical enslavement, it was still broken..
Barter failed, shells failed, stones failed, gold failed, fiat failed, etc
Bitcoin is for now closest to what nature has tried to gives us to exchange value
And you do realize with bad money, there's bad incentives which lead to bad morality.
With Bitcoin you have good money, which incentivises good morality
good and bad are moral terms
broken and fixed are neutral terms.
a car can be broken and repaired - sterile, those words speak nothing of motive
what you do with the car does and that’s what makes it moral.
our money drives from point a to b
that’s not “broken”
it’s the running over pedestrians part that we hate.
it’s absurd to say “oh no, that car driving over people is broken, we need to fix that car”
fix the car fix the world
yet that is exactly what we are doing with money
“broken” removes the human part from the equation
Very good point 👍
I understand what you are getting at.
i get the economic points.
shells worked, until harder money beat it. they didn’t break, u can still use it as money, it’s just not as good.
fiat is being exchanged everyday for real goods and services, it functions as money quite well. but the catch is it also is an instrument of control.
that’s not broken money
if what we mean by “broken” is really replaced by something better, then then that applies to everything and means nothing.
the point is a myopic economic analysis of money is clumsy at best and naive at worst.
it won’t cut it.
that will not orange pill the masses
we can peddle as fast as we can in 1st gear and won’t get very far.
need higher moral gears to make the machine work.
thre entire “broken” rhetoric aims at a true directions, but is philoophically sophomoric.
it’s not a personal slight or attack, it’s just true.
if we use clumsy obtuse language, it’s no surprise it doesn’t cut through to the normal people who need bitcoin the most
Hi Neal.
Sorry for the late reply.
It's not obtuse, clumsy language.
The money is broken.
Throughout history the money kept improving (getting harder)
After breaking our trust and "momentarily" going off the gold standard, they "broke" the cycle of the evolution of money. Which in turn also "broke" the incentives to do good and to provide value and replaced it with fiat incentives.
Every money Throughout history has been "broken" because it never functioned how money should function.
I could see your point in how fiat isn't "broken" because it perfectly works for controlling the masses, but that kind of money is only not "broken" for those close to the money printer. For more than 90% of the population the money is "broken"
And if you really think using more sophisticated language and using complex words will help cutting through to the normal people, I think you will surely be negatively surprised..
we are just thinking about money at different levels
i do not want more complicated words.
maybe clumsy was the wrong choice of words.
economics is a rake
philosophy is a shovel
when we orange pill, we are asking people to dig.
I’m writing my book to give a back-hoe to the masses.
I love Lyn’s book, im not taking anything away from her work, she does a great job raking leafs, but she is not a philosopher, and it pains my heart seeing people work really hard with the wrong tool for the job.
i appreciate the conversation.
i actually went back to acouple parts of my book to over emphasize these points because they are so important.
🫡 thx again for pushing on our ideas with me. it’s great exercise
Yes, that's true. We all think on different levels about money.
We're all different people with different paths in life, wearing different glasses in how we view the world.
(Which is something that makes humans beautiful)
Maybe we both are using the wrong choices of words, because language is an incomplete form of communication.
(English is also not my first language 😅)
We indeed do ask people to dig when we try to orange pill them, but I feel we really need to dumb it down for the masses, because most things economics, philosophy and money is just too foreign or just too alien for them to understand..
I'm glad you had some value from our conversation and I wanted to ask if you're familiar with philosophy in anime?
And I'm also curious about your book now 😁
put simple, the money is a broken economic tool, but a working tool of coerced extraction: ie enslavement