“The ultimate ends of the activities of reasonable beings are never economic. Money is one of the greatest instruments of freedom ever invented by man.” - FA Hayek, The Road to Serfdom
This is an interesting take on the argument for why 'Bitcoin is inevitable' from Mises in 1932. This essay talks about how the powerful try to plan and organize and collude to maintain control (CBDC's), but free markets create inertia that can't be stopped. Eventually, the powerful must submit to the laws of economics just as they are subject to the laws of nature.
Inevitable doesn't mean we don't continue to build better technology around Bitcoin, orange pill our friends, or fight for freedom of speech and money. It simply means that market forces are very hard to stop, and Bitcoin solves very fundamental market problems. Inertia is on our side.
This legend had some great one liners. If you haven't read any of his works, I highly recommend. Absurd, funny, and quite philosophical all in one go.
I often reflect on this Hayek quote when thinking about Bitcoin and self custody. It is more work, but that is the burden of liberty, the cost of free money.
nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 you should do a tutorial on setting up Graphene OS.
I think the more important question is, is this grassfed pilk? I hate to see all the industrial farming pickles just crammed in a jar. They need to be free to roam the countryside grazing and being...pickly.
Getting some serious pre-teen calculator nostalgia from the timechain today...nice
My personal favorite quote from Hayek. Very relevant today as we continue to see bank collapses, inflation, and economic boom and bust cycles that are directly tied to centrally planned Federal Reserve policy. Be wary of organizations that rely on "smart" people making decisions for the rest of us.
Individuals are wildly unique, with different values and truths that ultimately drive human action. Emergent phenomena always win. Bitcoin understands this. Decentralized information shared across nodes, changed via consensus, trusting no authority.
Pubkey is clearly the best name for a bar... you win today.
Sounds great. It's like a charcuterie board pizza.
