misesjunior on Nostr: "In a world governed by the pressure of organised interests, the important truth to ...
"In a world governed by the pressure of organised interests, the important truth to keep in mind is that we cannot count on intelligence or understanding but only on sheer self-interest to give us the institutions we need." (Hayek Denationalization of Money 1974 S.131)
Should be also kept in mind when checking Bitcoins incentive structure as well as thinking about social layer considerations.
Published at
2024-07-02 13:41:48Event JSON
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"content": "\"In a world governed by the pressure of organised interests, the important truth to keep in mind is that we cannot count on intelligence or understanding but only on sheer self-interest to give us the institutions we need.\" (Hayek Denationalization of Money 1974 S.131)\n\nShould be also kept in mind when checking Bitcoins incentive structure as well as thinking about social layer considerations.",
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