Do you see a possible scenario where it's not a nefarious plot, but instead
that technology is invented, iterated, and adopted based on culture, world
view, and politics that are often latent and/or are held in complete
obliviousness?
It feels like much of this tech (Bitcoin, or other modern economic
"innovations" i.e. Uber) embodies a specific world view, economics,
morality, ethics, and politics that the creators are not necessarily well
versed in or even aware of, but has a huge impact on what they decide to do
and how they do it.
Nothing is created in a vacuum...
On Sat, Dec 30, 2017 at 4:51 PM Morlock Elloi <morlockel...@gmail.com>
wrote:
> Let's assume, for the sake of argument, deep conspiracy and that Bitcoin
> creator(s) actually did bother to read "Austrian economics" (neither of
> which I think is probable - looks like a parallel construction), and
> chose a hard limit instead of exponential backoff or any other of dozen
> possible strategies. Let's also assume that there were no other (dozens)
> of competing ideas which simply could not get any traction at the time
> (and this is a patently false assumption.) Invention of Bitcoin was
> therefore not a random event, it was intentional dark design having
> roots in nearly hundred year old ideology, and there were no
> alternatives to it.
>
> Hapless adopters, unable to see Hayek's ghost in the algorithm, just
> continued to use it until it was too late.
>
> What does this mean?
>
> It means that technology has became effective carrier device for the
> ideology, amplifying it as everything else it touches, and if ordinary
> people cannot see through it ("out of the question") as they could see
> through Nazism and similar, well, then the ordinary people are going to
> get fu*ked in perpetuity, and there is absolutely nothing one can do
> about it (bitching notwithstanding.) All Dr. Evil has to do is carefully
> design a shiny object, and cretins will unconditionally descend on it.
> Easier than organizing rallies.
>
> It's a worldview that goes exactly nowhere. It doesn't even have afterlife.
>
> Try coding instead.
>
>
> > You left out the most important design decision: to cap the number of
> > Bitcoins in circulation, therefore building deflation into the currency.
> > And that decision has nothing to do with crypto, science or technology,
> > but is purely political and based on a cyberlibertarian reading of
> > "Austrian economics".
>
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