📅 Original date posted:2014-04-30
📝 Original message:On Wed, Apr 30, 2014 at 11:00:06PM +1000, Gareth Williams wrote:
> On 30/04/14 00:13, Mike Hearn wrote:
> > I do think we need to move beyond this idea of Bitcoin being some kind
> > of elegant embodiment of natural mathematical law. It just ain't so.
>
> I haven't seen anybody arguing that it is.
>
> Bitcoin is the elegant embodiment of /artificially contrived/
> mathematical rules, which just so happen to be very useful in their
> current configuration :-P
>
> Nobody is saying those rules are immutable. Just that it isn't sensible
> to undermine them by introducing imprecise and unpredictable elements
> like human politics.
As an end-user of Bitcoin, the whole possible value of a set of mathematical
rules has become completely trashed by the imprecise and unpredictable behavior
of buyers and sellers.
If the rules are not responsive to real human needs, bitcoin is worthless
as a long-term store of value because **my idea of value** changes over time.
This implies, in my mind, an absolutely requirement to attempt to gather
some useful signal from the human political noise.
How do you determine what that signal is, so you can **change the rules**
and the mathematics so it makes more sense?
You've got to deal with politics, one way or another.
--
----------------------------------------------------------------------------
Troy Benjegerdes 'da hozer' hozer at hozed.org
7 elements earth::water::air::fire::mind::spirit::soul grid.coop
Never pick a fight with someone who buys ink by the barrel,
nor try buy a hacker who makes money by the megahash
Troy Benjegerdes [ARCHIVE] /
npub1m6…rdjn5
2023-06-07 15:19:42
in reply to nevent1q…vfw9
Author Public Key
npub1m6p5kgcd428x6pxyfege98zjmlwrdhp0gyz6pdnsvrvalscddnxqurdjn5Published at
2023-06-07 15:19:42Event JSON
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"content": "📅 Original date posted:2014-04-30\n📝 Original message:On Wed, Apr 30, 2014 at 11:00:06PM +1000, Gareth Williams wrote:\n\u003e On 30/04/14 00:13, Mike Hearn wrote:\n\u003e \u003e I do think we need to move beyond this idea of Bitcoin being some kind\n\u003e \u003e of elegant embodiment of natural mathematical law. It just ain't so. \n\u003e \n\u003e I haven't seen anybody arguing that it is.\n\u003e \n\u003e Bitcoin is the elegant embodiment of /artificially contrived/\n\u003e mathematical rules, which just so happen to be very useful in their\n\u003e current configuration :-P\n\u003e \n\u003e Nobody is saying those rules are immutable. Just that it isn't sensible\n\u003e to undermine them by introducing imprecise and unpredictable elements\n\u003e like human politics.\n\nAs an end-user of Bitcoin, the whole possible value of a set of mathematical\nrules has become completely trashed by the imprecise and unpredictable behavior\nof buyers and sellers.\n\nIf the rules are not responsive to real human needs, bitcoin is worthless\nas a long-term store of value because **my idea of value** changes over time.\nThis implies, in my mind, an absolutely requirement to attempt to gather \nsome useful signal from the human political noise.\n\nHow do you determine what that signal is, so you can **change the rules**\nand the mathematics so it makes more sense?\n\nYou've got to deal with politics, one way or another.\n\n\n-- \n----------------------------------------------------------------------------\nTroy Benjegerdes 'da hozer' hozer at hozed.org\n7 elements earth::water::air::fire::mind::spirit::soul grid.coop\n\n Never pick a fight with someone who buys ink by the barrel,\n nor try buy a hacker who makes money by the megahash",
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