Drive chains is interesting and I was fascinated by it when... Uhh who was it that suggested them when we were talking the other day? Someone important I think... But its a pretty radical change, so that alone probably dooms it.
Liquid isn't a coin and it doesn't change anything in bitcoin. Idk much about its workings beyond "federated" - whatever consensus it uses, it has to dodge the danger of hashing. There can be only one! Or, there can be only one that's secure.
I guess what I most like about Liquid is that it plays the power game - power like, armies, not lightbulbs. That's also a big reason I like bitcoin. "Winning," as I envision it, involves the people who speak the language of power adopting bitcoin into their lexicon. Liquid can speed this up by bridging tradfi into the future world of energy money. Stocks and bonds aren't going away, and power is largely denominated in stocks and bonds. Getting stocks and bonds on Liquid, traded in bitcoin, is like getting a two eyed fortress in Go/Weiqi and reorganizing the grid around around it. We're playing a power game.
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have you read Robert Greene's book "The 48 Laws of Power"?
all "assets" are just casino chips in my opinion and where you have chips you have a House who always wins
you simply don't need equity financing if people can save money, because they can just band together and form a company funded with their savings and run an enterprise
public equity is just gambling, and can be just as damaging to the "winners" who get piled in on and then cashed out
i don't think it's interesting, the incentives are a net negative and the only "winners" are those running these shitcoin casinos
Right. The game is rigged. Stocks are a shitcoin casino, and overall their value must drop relative to bitcoin. We have a superpower because we can see this. But the people who benefit from the rigged game are the power players who we need to win over. Don't misread that - bitcoin is resilient and will win either way, but the path from here to there can be less painful or more painful depending on how we integrate with existing power structures. And yes, there are dangers to being too ready to integrate - we have to be inflexible in nature while flexible in application.
