Fiat is a cargo cult - the simulation of the behavior of our forefathers.
We have secure buildings where we go to get green slips of paper, just like they did.
We have shiny gray metal disks for small change, just like they did.
We reckon our accounts in this "money" just like they did.
And yet, many of us realize some important element has been taken away.
Increasing numbers of people realize that something is rotten.
So we reject the cargo cult, without understanding why "the planes don't land", and find some other way of organizing and some other means of exchange.
Bitcoin is another cargo cult - an imitation of prior practices stripped of meaning.
We use a ledger to carefully track who has how much - of what?
Points, credits, Bitcoins, the name doesn't matter.
It is accounting minus the thing being counted.
Some important element has been taken away.
https://youtu.be/xPRpdPrUlb8?si=v-utfCtRDiQmZi6I
asourcefamiliarwiththematter / a source familiar with the matter
npub17k…mhcd0
2023-09-19 22:21:45
Author Public Key
npub17k64766yhzvhk2mws356dftl35lnkthjwq34gdz9cs8va3y9aejqwmhcd0Published at
2023-09-19 22:21:45Event JSON
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"content": "Fiat is a cargo cult - the simulation of the behavior of our forefathers.\n\nWe have secure buildings where we go to get green slips of paper, just like they did.\nWe have shiny gray metal disks for small change, just like they did.\nWe reckon our accounts in this \"money\" just like they did.\n\nAnd yet, many of us realize some important element has been taken away.\nIncreasing numbers of people realize that something is rotten.\n\nSo we reject the cargo cult, without understanding why \"the planes don't land\", and find some other way of organizing and some other means of exchange.\n\nBitcoin is another cargo cult - an imitation of prior practices stripped of meaning.\nWe use a ledger to carefully track who has how much - of what? \nPoints, credits, Bitcoins, the name doesn't matter.\nIt is accounting minus the thing being counted.\nSome important element has been taken away.\n\nhttps://youtu.be/xPRpdPrUlb8?si=v-utfCtRDiQmZi6I",
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