Logan on Nostr: Consumerism is a value of the fiat system. It is both literally a value, since we ...
Consumerism is a value of the fiat system. It is both literally a value, since we measure economic health in large part by measuring consumption, and also an ingrained mode of behavior. By disincentivizing mindless, reflexive consumption and incentivizing a lower time preference, #Bitcoin, if it continues to grow in adoption, offers the promise of a cultural foregrounding of deeper things, like fulfilling pursuits, relationships, creativity, contribution to community, presence, etc.
#Bitcoin is money that, through its soundness, will hopefully allow us to actually get past thinking about money all the time so that we can make room for life’s important things - which tend to get lost, neglected, and/or sacrificed in consumption and the systemically coerced pursuit of more and more money.
We spend so much time thinking about money (how to get it, how to get more of it, how to make it grow, how to keep up with inflation, how to invest it, how to spend it, what to spend it on, how to get rich quick, how to pay the bills, etc). And to a certain extent this will always be true.
But when money does not hold its value, when it is continuously debased, when the sovereign debt is so massive it must be inflated away, and when the economic health of a country is measured by how much it consumes, it creates an environment in which money is practically all we think about.
Looking forward to a world in which this is no longer the case.
Published at
2024-08-29 13:39:35Event JSON
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"content": "Consumerism is a value of the fiat system. It is both literally a value, since we measure economic health in large part by measuring consumption, and also an ingrained mode of behavior. By disincentivizing mindless, reflexive consumption and incentivizing a lower time preference, #Bitcoin, if it continues to grow in adoption, offers the promise of a cultural foregrounding of deeper things, like fulfilling pursuits, relationships, creativity, contribution to community, presence, etc.\n\n#Bitcoin is money that, through its soundness, will hopefully allow us to actually get past thinking about money all the time so that we can make room for life’s important things - which tend to get lost, neglected, and/or sacrificed in consumption and the systemically coerced pursuit of more and more money.\n\nWe spend so much time thinking about money (how to get it, how to get more of it, how to make it grow, how to keep up with inflation, how to invest it, how to spend it, what to spend it on, how to get rich quick, how to pay the bills, etc). And to a certain extent this will always be true.\n\nBut when money does not hold its value, when it is continuously debased, when the sovereign debt is so massive it must be inflated away, and when the economic health of a country is measured by how much it consumes, it creates an environment in which money is practically all we think about.\n\nLooking forward to a world in which this is no longer the case.",
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