Jeff Swann on Nostr: You are just trying to define things out of existence so that you don't have to give ...
You are just trying to define things out of existence so that you don't have to give up your shiny rock ideology.
Trade & economic coordination are the most valuable sources of wealth & value creation in all of human history & because these are actions & not a physical things you are trying to suggest they don't exist.
Let's say there's a vault full of gold & a "gold standard" token that perfectly repesented the amount held in the vault with no way for anyone to engage in any sort of debasement. The tokens trade easier & with far less cost than moving gold (which is why the gold standard started in the first place). And somehow, without anyone knowing aliens steal all the gold, but the tokens remain impossible to debase & work the same as if the gold was there. When does the system fail?
Published at
2025-03-13 04:15:10Event JSON
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"content": "You are just trying to define things out of existence so that you don't have to give up your shiny rock ideology.\n\nTrade \u0026 economic coordination are the most valuable sources of wealth \u0026 value creation in all of human history \u0026 because these are actions \u0026 not a physical things you are trying to suggest they don't exist.\n\nLet's say there's a vault full of gold \u0026 a \"gold standard\" token that perfectly repesented the amount held in the vault with no way for anyone to engage in any sort of debasement. The tokens trade easier \u0026 with far less cost than moving gold (which is why the gold standard started in the first place). And somehow, without anyone knowing aliens steal all the gold, but the tokens remain impossible to debase \u0026 work the same as if the gold was there. When does the system fail?",
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