2minutebitcoin on Nostr: Pain is a natural feature of life, giving you feedback and information. When you try ...
Pain is a natural feature of life, giving you feedback and information.
When you try to cut off the pain flow through anesthetics, a bribe, or QE - you avoid paying the price and getting a lesson for your misstep.
This sends a ripple effect throughout the system, distorting it - and ultimately will lead you to make the same mistake again.
Today, we have [Too Big To Fail institutions](https://www.2minutebitcoin.org/blog/an-honest-account-of-fiat-money-2018) interrupting this evolutionary impulse. We preserve them at all costs and do not incentivize them to learn from their mistakes.
-- an excerpt from the 2-minute version of Saylor Series: The Rise of Man Through the Stone and Iron Ages Episode 1 (2020), originally posted in https://www.2minutebitcoin.org/blog/saylor-series-the-rise-of-man-through-the-stone-and-iron-ages-episode-1-2020
When you try to cut off the pain flow through anesthetics, a bribe, or QE - you avoid paying the price and getting a lesson for your misstep.
This sends a ripple effect throughout the system, distorting it - and ultimately will lead you to make the same mistake again.
Today, we have [Too Big To Fail institutions](https://www.2minutebitcoin.org/blog/an-honest-account-of-fiat-money-2018) interrupting this evolutionary impulse. We preserve them at all costs and do not incentivize them to learn from their mistakes.
-- an excerpt from the 2-minute version of Saylor Series: The Rise of Man Through the Stone and Iron Ages Episode 1 (2020), originally posted in https://www.2minutebitcoin.org/blog/saylor-series-the-rise-of-man-through-the-stone-and-iron-ages-episode-1-2020