On 7/11/12 11:54 AM, Ted Smith wrote:
On Wed, 2012-11-07 at 00:05 +0100, Changaco wrote:
Let me get this straight, someone writes a message asking people not to
go into political debates that have been done over and over, but you do
it anyway.
This is exactly why I previously said I wasn't going to argue with you,
because from your messages here and a quick look at your website I
guessed what you were going to say.
I agree with Ted Smith on the uselessness of the "debate" you are
trying to fuel, therefore I won't participate.
This debate has only one possible use: it can motivate people to test
hypotheses related to economics on p2p networks.
So far, I've seen a great deal of that in this thread, and I hope I can
see more. Not only is that constructive and on-topic, it's the best way
to have the underlying political debate: through a solid basis of
empiricism.
That's the point :) As a slice of experience, this business of creating
new monies demands an integrity to economics that is uncompromising.
Whatever your views, you will find them challenged. The more you know,
the better you'll be. If you don't have a total commitment to the
reality of people's financial habits, and a total commitment to being
totally wrong from time to time, you'll find this business an unhappy one.
You are asking people to choose your form of money over others, and your
customers will be incisive and brutal with your chosen set of
presumptions. Another thing you will need is a thick skin; the ability
to debate the real issues while not getting distracted by the sink into
politics and verbal tit-for-tat.
Back in the good ol' days, Zooko and I used to run something called the
Weber Economics Club. Every week we would collect all the local
monetary engineers and discuss one economics topic of interest. I
remember Coase's theorem one week, Schelling points another week. For
an hour ... and then the beer would steer us to other topics. Which is
probably good, as our group was filled with randians and marxists alike,
and we wanted to survive the night.
We should have produced a poster, something like
http://iang.org/images/beer3.jpg
"Beer - helping Randoids and Commies debate economics since 1862!"
iang
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