Why?
Expanding Africa's electrical grid with Bitcoin
I dislike having a phone number
How African mythology taught me to think differently
(from the wisdom of a sangoma)
"There are doctors, missionaries and scientists who have spent years and years among Africans - many of them can even speak the local language better than the indigenous people - but what they know about them as human beings amounts to nothing"
-Credo Mutwa
https://gvansittert.substack.com/p/how-african-mythology-taught-me-to?sd=pf
A change of pace (I broke my ankle)
"Democracy is the worst form of government, except for all the others"
- Winston Churchill
When money cannot be manipulated, then the world is one step closer to finding its equilibrium.
#Bitcoin not crypto.
#Bitcoin not fiat
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gvansittert.substack.com
Nostr public 🔑 in bio 👆
When money is resistant to corruption, then the chaos of the broader economy can be left undisturbed to find it's equilibrium.
This is the only way that chaotic systems can reach peak order in their natural cycle.
This is the beauty of self-organizing systems.
Conclusion 👇
Barter
and
#Bitcoin
These methodologies bring the concept of value transfer into a thermodynamically closed system that is extremely resistant to manipulation.
Therefore, rendering money to exist as an independent variable.
What are the ramifications of this?
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It isn't, because crypto exhibits the same fundamental flaws of fiat (can be manipulated), only masked by a novel technology.
When you use crypto or fiat, you're casting a vote for theft and violence.
What's your vote?
What are your alternative(s)?
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Money printing also implies theft from citizens via inflation (inflating the money supply).
Therefore, fiat currency is an incentive to strip a jurisdiction of its economic sustainability, steal from its citizens, and spread violence abroad.
How is crypto different?
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Why?
Because war is a redistribution of wealth (using violence). Theft.
But how can an entity go to war if their economy is heading toward a deficit?
The answer: money-printing.
Money printing = the devaluation of a currency to make large, short-term expenditures.
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Theft.
From citizens and war-adversaries.
All by way of printing money.
When the local economy (and international inflows) can't support a fiat government, then a reason is needed to print more money.
Inevitably, that reason is war.
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Unpredictable outcomes predictably leads to failures in management.
This is what happens when centralizing governments attempt to sustain the various industries that support an economy.
When the economy (and currency) supporting a government faulters, what happens then?
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Because an economy is not a closed system. It is not adiabatic.
In thermodynamics, an open (non-adiabatic) system allows for infinite variables to render unpredictable outcomes.
Therefore, an economy is inherently chaotic.
Why is this important?
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When the economic fuel (money) of a jurisdiction is centralized, the relative economy relies on the adequate distribution of fuel (money) to sustain the economic machine.
It is inevitable that the fuel will not be adequately distributed.
Why?
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A nation-state's fiat currency is a mechanism that separates national value flows from the interests of its citizens.
Whoever creates the money, controls where it goes.
Therefore, fiat (debt-based money) is a mechanism that reinforces the centralization of power.
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It is unethical to use fiat currency or crypto as money.
To understand why, see below 👇