This would a good state of affairs provided that there is actual free banking View quoted note →

i.e. the features that employers want from their labor units, otherwise known as people, as they figure out how to replace them entirely View quoted note →

> The potentially catastrophic externalities of our current path of narrow technological progress are largely ignored in the zeitgeist. With vast wealth, power, and popular support firmly behind it, our immature idea of progress is the most dangerous ideology in the world—far more so than any other radical worldview from across political or religious spectra. View quoted note →

>The reliance on game-theoretic decisions in a world defined by science alone eventually delivers global multi-polar traps, with escalating technological and military arms races, increasingly powerful world-ending weaponry, and environmental destruction. This game cannot go on forever. View quoted note →

I generally speaking think this to be less important than understanding that what makes the dominant fiat system really evil and unjust is that adding whatever new amount of money to the existing supply has basically zero cost. This is *the* problem (censorship, surveillance, permissioned structure and so on are of course issues, but this is the root of the economic injustice in my view). I strongly oppose Bitcoin should ever attempt to have tail emission since it would require a hard fork and it will be interesting to see whether mining can sustain itself on mostly fees, but most Bitcoiners seem to miss the important point that inflation might as well be 1% forever as long as creating 1 BTC costs very close to 1 BTC to miners. This is why the gold standard was a fairer system, as gold miners couldn't simply add 100 ounces of gold to the money supply and start spenging it in the real economy. They most probably had to spend close to 95 ounces of gold for equipment, wages, rights to the the land, energy inputs, refinement etc etc. These are made up numbers of course, but they serve the point. What happens today instead with commercial banks is that they issue a loan for $300K USD and their cost for doing so is probably 0.5% of that. View quoted note →