The Coin Files on Nostr: In an unpredictable world, the entrepreneur's role involves embracing the risk of ...
In an unpredictable world, the entrepreneur's role involves embracing the risk of exploring new uses of capital, with success being heavily dependent on the subjective valuations of others. This highlights a fundamental flaw in our current system's “scientific” approach to forecasting human behavior and preferences by using aggregates and unrealistic assumptions. Most value is assigned subjectively at the individual level, a reality that defies precise calculation, simulation, or modeling.
#Keynes is the worst.
#Bitcoin fixes this.
Published at
2023-12-15 19:41:41Event JSON
{
"id": "68d53a3b085cbfb7d9fc6530bb76e16e87eb361cd0a93326c7af74afa95c31cd",
"pubkey": "76b1297df1f89138a255570972ec9d043960603eba85a0c690dfe9031d79d934",
"created_at": 1702669301,
"kind": 1,
"tags": [
[
"t",
"Keynes"
],
[
"t",
"keynes"
],
[
"t",
"Bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "In an unpredictable world, the entrepreneur's role involves embracing the risk of exploring new uses of capital, with success being heavily dependent on the subjective valuations of others. This highlights a fundamental flaw in our current system's “scientific” approach to forecasting human behavior and preferences by using aggregates and unrealistic assumptions. Most value is assigned subjectively at the individual level, a reality that defies precise calculation, simulation, or modeling.\n\n#Keynes is the worst.\n\n#Bitcoin fixes this.",
"sig": "be6bec263520f11097625f418ac06686fa24d8c6916948d2e748186fbfc4ae1e58c15eb2eeb4080ddc3bd51fe4cead0e61f39f255e670f1c46503268231147fd"
}
