JUST RELEASED: Parts 3 & 4 of my 5-part #SOFTWAR series—unveiling how #bitcoin turns the global electric power grid into a planetary computer!🌍⚡
We now enter the heart of the 400-page thesis by #JasonLowery. This is where it gets wild…🤯
[Links in thread below]🧵👇
Check out the summary of Softwar I just published. Link in my feed!
#softwar
https://x.com/JasonPLowery/status/1917568600069583327
Softwar by Jason Lowery: Hard-Forking Human Civilisation, Part 1/5
Softwar by Jason Lowery: Abstract vs Physical Power, Part 2/5
Part 3: "The God-Kings of Cyberspace" is where we get to the core of the thesis: May 7th
Part 4: "The Planetary Computer" continuous on: May 7th
Part 5: "Power vs Sacrifice" concludes the series with my own reflections and critiques — beyond summary: May 7th
Thanks for sharing!
If you're even loosely curious about the topic, this series offers a solid foundation for engaging with Softwar — or a mental warm-up if you’re considering tackling the full thing.
Read the full 400-page thesis by Lowery here👇
https://dspace.mit.edu/bitstream/handle/1721.1/153030/lowery-jplowery-sm-sdm-2023-thesis.pdf
Parts 5: "Power vs Sacrifice" concludes the series with my own reflections and critiques — beyond summary.
🔻 Why merely organising around power is a flawed survival heuristic
🧠 The importance of voluntary self-sacrifice in resilient systems
💡 Truth value across abstraction layers
Drops May 14th.
Parts 4: "The Planetary Computer" continuous on:
🌍 The global electric grid as a planetary computer
🧩 Bitcoin as the operating system
⚡ Proof-of-work as the interface between physical and virtual reality
Drops May 7th.
Part 3: "The God-Kings of Cyberspace" is where we get to the core of the thesis:
👑 Software as an abstract power hierarchy
💾 Cyberspace as a belief system
⚡ Proof-of-work as non-lethal physical power projection in cyberspace
Drops May 7th.
Part 2: "Abstract vs Physical Power" explores:
⚔️ Abstract vs Physical Power
📉 Why every trust-based hierarchy eventually collapses
💣 Why nukes trap us in dysfunction
Out now!👇
Part 2: "Abstract vs Physical Power" explores:
⚔️ Abstract vs Physical Power
📉 Why every trust-based hierarchy eventually collapses
💣 Why nukes trap us in dysfunction
Out now!👇
Part 1: "Hard-Forking Human Civilisation" covers:
🧬 Evolutionary survival as power projection
🧠 Why abstract thinking is both a blessing & a curse
🏛️ How belief systems replace brute force — and how that leaves us vulnerable
Out now!
Just dropped Parts 1 & 2 of my deep-dive into #Softwar by #JasonLowery — the 400-page MIT thesis the U.S. DoD reportedly pulled for national security reasons.
This is the start of a 5-part series unpacking bitcoin from a new lens guaranteed to blow your mind! 🤯🧵👇
#Bitcoin #Nostr #growstr #proofofwork #planetarycomputer #btc #thesis #lowery #bitpower #abstractpower #physicalpower
Yeah, that was a drama queen post
GM.
Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".
It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve currency (for reserve assets, international contracts, FX trading pairs, and cross-border funding), there is tremendous automatic demand for USD in the world compared to other fiat currencies.
To supply the world with that ever-growing need for USD to service all sorts of needs, the United States runs structural trade deficits with the rest of the world. That's how the USD spills out to the rest of the world for them to use. And the mechanism for that is that the overvalued USD boosts Americans' import power, reduces Americans' low-margin export competiveness, and basically forces open that trade deficit.
That trade deficit is the cost of maintaining the benefits USD system as currently structured. The fatal flaw is that those who bear the cost (e.g. industrialists in the Rust Belt) are not the same as those to gain the benefits (e.g. Wall Street and Washington DC folks). And those costs and benefits accumulate over decades, resulting in rising populism and pushback, which is now front and center.
The challenge that the administration faces is that they have identified a real problem, but are tackling the surface issues rather than the underlying structural issues.
Anyway, I uploaded that chapter 13 on my website for free reading:
https://www.lynalden.com/wp-content/uploads/broken-money-chapter-13.pdf
Very good read!
I agree wholeheartedly with the second part. On the first note, if it will work or not with fixed interest we’ll have to see! Time will tell—but im not so sure! I could be wrong though.
I think the issue today though is that so often that is not what happens. That small bakery or small business owner can’t get a loan, even though that’s how it’s “supposed to work”, because the big banks much rather lend to corporate giants that can pledge big chunks of collateral. Again, I have nothing against lending as long as losses aren’t socialised. If a given bank wants to lend at a fixed rate, they (along w depositors) should also take the fall if it doesn’t work out—not the public. But as a depositor, ask yourself if you’d be willing to put your money in a fallible bank for a mere 3% interest and risk losing everything (no FDIC insurance, no bailouts). The only reason I think the answer is yes today is because it’s a rule of thumb that banks are bailed by government. If the answer is no, the current banking model would have to change under BTC. I believe it will be a bottoms-up change.
I’ve got nothing against lending as long as everyone voluntarily participating also takes on the risk. Profits shouldn’t be privatised while losses are socialised. That said, in the piece I point out that I’m genuinely unsure whether the fixed interest model can actually work when banks aren’t constantly bailed out anymore. Personally, I’d much prefer a system with many smaller banks—which I think you’d naturally get under freer banking (where banks can actually fail just like how it works for any other business), rather than the too-big-to-fail giants we have now.
Thanks for the thoughtful reply — I really appreciate you engaging! Just to clarify though, I do aim a substantial amount of critique at central banks throughout the piece. I explicitly point out that they control the issuance of base money, trigger bailouts through QE, and ultimately enable the entire debt-based model to persist. In fact, the whole article builds toward a system where central banks can’t step in to socialise losses — because that’s the root of the moral hazard. /P
Read my independent contribution to nostr:nprofile1qqsysux42q9py8j3sa2y50nwtsh7u8g2q0sms5rn7fldkugtzyxkyzqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqppamhxue69uhk2tnwdaejumr0ds4tfpmv about everything that’s wrong with banking today! Title is a tribute to Tarek el Diwany’s book by the same name.✊🌟
Link👇
#nostr #btc #bitcoin #progressivebitcoiner #grownostr #fiat #theproblemwithinterest
Read my independent contribution to nostr:nprofile1qqsysux42q9py8j3sa2y50nwtsh7u8g2q0sms5rn7fldkugtzyxkyzqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqppamhxue69uhk2tnwdaejumr0ds4tfpmv about everything that’s wrong with banking today! Title is a tribute to Tarek el Diwany’s book by the same name.✊🌟
Link👇