Cryptonomicon: Among the Bitcoin maximalists

Post by uoaei » Fri, Feb 25, 2022, 6:44 PM UTC

seibelj wrote: post #14

burnoutgal wrote: post #13

Earlier quoted context omitted.

Yup, classic fascist rhetoric. It's not surprising they point to a woman being independent and expressing her sexuality as the example of "degenerate culture". The "other" (people of colour, women, queers) are producing art that represents our own experiences, which is a threat to their desired white hetero-patriarchal order. Never mind that Mozart wrote a ton of filthy shit. People have been obsessed with sex foreve…

I think the comment about the music is ridiculous, but the broader point about free money causing the gradual degradation of food, housing, standard of living, etc. is not without merit.

Post by uoaei » Fri, Feb 25, 2022, 6:48 PM UTC

seibelj wrote: post #8

> In The Bitcoin Standard, Ammous blamed the Fed for the modern “breakdown of the family,” and for “perhaps most damagingly, the depletion of the soil of its nutrients, leading to ever-lower levels of nutrients in food.” He compared the art of the Renaissance, Classical, and Romantic periods, all financed properly with sound money, to the decadent culture of the twenty-first century, with its “animalistic noises’’ an…

Post by cdiddy2 » Fri, Feb 25, 2022, 6:52 PM UTC

UncleMeat wrote: post #22

seibelj wrote: post #14

Earlier quoted context omitted.

I think the comment about the music is ridiculous, but the broader point about free money causing the gradual degradation of food, housing, standard of living, etc. is not without merit.

Degradation of food? Housing? Do you know what people ate when Bach was alive? Or in what conditions most people lived?

Post by uoaei » Fri, Feb 25, 2022, 6:55 PM UTC

once_inc wrote: post #25

Animats wrote: post #21

That's a great read. What's striking, in his description of the conference, is the total lack of any connection to real world activity. None of these people seem to be trying to get enough Bitcoin together to build a steel mill or a wafer fab or a smartphone factory or, indeed, any kind of startup that does something. Bitcoin is expected to somehow generate wealth without actually doing anything that generates revenu…

There are actually quite a few companies doing things with bitcoin that generate revenue. Bitcoin isn't supposed to make you money; it's supposed to be money. Dollars on their own don't generate revenue, nor is gold locked in a safe. Bitcoin has qualities that make it better than fiat and better than gold, at the cost of an established history. Perhaps the author just spoke to the wrong people, didn't get the fundame…

Post by uoaei » Fri, Feb 25, 2022, 6:59 PM UTC

nmhancoc wrote: post #28

seibelj wrote: post #8

> In The Bitcoin Standard, Ammous blamed the Fed for the modern “breakdown of the family,” and for “perhaps most damagingly, the depletion of the soil of its nutrients, leading to ever-lower levels of nutrients in food.” He compared the art of the Renaissance, Classical, and Romantic periods, all financed properly with sound money, to the decadent culture of the twenty-first century, with its “animalistic noises’’ an…

I think the phenomenon you're observing is that the quote observes a true correlation, coincidence, or relation, but "sounds crazy" because the implication it draws is _very_ strong relative to what can probably be evidenced. In other words, it _is_ the case that Renaissance works were financed with harder money than works today. That's a historical matter of fact. It _is_ the case that families are breaking down or…