sorrowforasking on Nostr: You are very close. Yes, nature has costs, but no, the ones closest to the money ...
You are very close. Yes, nature has costs, but no, the ones closest to the money supply didn’t get there by some divine law of wolves and refrigerators. Seigniorage has always let them siphon off value before it even reaches the rest of us, whether it was tally sticks, gold, or fiat. The real trick wasn’t just charging interest.. it was making people believe that not charging it was unnatural. If we can empathize with the necessity of usury, why not with the idea that we don’t have to rent time just to exist?
We’ve been so conditioned to see usury as "just how things are" that even imagining a system without it (thanks satoshi) makes people recoil like it's breaking physics. #Bitcoin
Published at
2025-01-30 00:11:44Event JSON
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"content": "You are very close. Yes, nature has costs, but no, the ones closest to the money supply didn’t get there by some divine law of wolves and refrigerators. Seigniorage has always let them siphon off value before it even reaches the rest of us, whether it was tally sticks, gold, or fiat. The real trick wasn’t just charging interest.. it was making people believe that not charging it was unnatural. If we can empathize with the necessity of usury, why not with the idea that we don’t have to rent time just to exist?\n\nWe’ve been so conditioned to see usury as \"just how things are\" that even imagining a system without it (thanks satoshi) makes people recoil like it's breaking physics. #Bitcoin",
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