hodlbod on Nostr: I don't actually think bitcoin improves on gold in terms of preserving ownership of ...
I don't actually think bitcoin improves on gold in terms of preserving ownership of value through time. And anyway, once you pass up a human lifetime, the benefits of value-preserving technology diminish rapidly. So I don't think bitcoin amplifies miserliness in a technological way.
> I think I see them in the motivations of many, in the fears and ideals of Bitcoin stacking in the context hyperbitcoinization. But my error may be in treating hyperbitcoinization as a serious idea and necessary result.
I think it's less that hyperbitcoinization isn't likely, it's that while pure, distilled ideas can exist, they're always tempered in actual people. The "selfish monk" is an archetype, like an Egyptian god or something. It's not impossible for a real person to be fully possessed by such a spirit I suppose, but people are almost never one-dimensional, and are motivated by many things — however much they might explicitly ascribe their identity to a single thing.
> I think I see them in the motivations of many, in the fears and ideals of Bitcoin stacking in the context hyperbitcoinization. But my error may be in treating hyperbitcoinization as a serious idea and necessary result.
I think it's less that hyperbitcoinization isn't likely, it's that while pure, distilled ideas can exist, they're always tempered in actual people. The "selfish monk" is an archetype, like an Egyptian god or something. It's not impossible for a real person to be fully possessed by such a spirit I suppose, but people are almost never one-dimensional, and are motivated by many things — however much they might explicitly ascribe their identity to a single thing.