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Any cryptocurrency of value seems to have to fall back to undesirable bureaucratic policies or be devalued by having its own ideology turned back upon itself.
by pistle 12y ago
Any cryptocurrency of value seems to have to fall back to undesirable bureaucratic policies or be devalued by having its own ideology turned back upon itself.
The human cycles spent in monitoring and securing value will put a major drag on the ability of the currency to stabilize its value. Stable value gives currency utility. Utility gives a currency adoption. Adoption gives a currency value.
- TheSpiceIsLife 12y agoI don't recall where I got this from, just threw it in to my quotes.txt without referencing it: "If you collect a bunch of people and tell them to abandon all the social norms like honesty, politeness, respect, charity, and reason in favor of a cause – then the most likely result is that when your cause tries to develop some internal structure, it will be overrun by a swarm of people who have abandoned honesty, politeness, respect, charity, and reason."
- burkaman 12y agoIt is apparently from this article: http://slatestarcodex.com/2014/06/14/living-by-the-sword/ http://slatestarcodex.com/2014/06/14/living-by-the-sword/ about the feminism movement turning on itself.
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