Bitcoin Tech Talk #320
What I've been working on
Talk from laBitConf - My talk from laBitConf is up. It’s a shorter version of the article that I wrote for Bitcoin Magazine a couple of weeks ago. Essentially, fiat money ruins civilization because fiat creates a huge incentive to rent-seek and play zero-sum political games instead of producing and creating value.
Anna Tutova Interview - I did an interview with this Ukrainian Bitcoiner in Lugano. I got a chance to reflect a little bit on how I got to the current situation I’m in. Part two of this interview should come in a little bit and if I remember, that was a bit more spicy.
Steve DeAce on TGFB - Conservative Christian political commentator Steve DeAce has been going through Thank God for Bitcoin on his show, doing a chapter a week. It’s interesting how different people get different lessons from the book as a lot of what he talks about during the book discussion on his show are not things I would have thought of.
What I'm up to
Charity article - It’s due to come out tomorrow on Bitcoin Magazine. And yes, I timed it so it would come out on so-called “Giving Tuesday.” Have you really considered what charities do in an economy? The unintended effects of charities are legion and we really need a better relationship with those that we give to. The article hopefully will get Bitcoiners thinking about charity in a more local way.
Ushuaia - I’ve been in the “Fin del mundo” for the past few days and what an interesting city this is! Despite it being summer here, it’s still very cold. As with all things Argentinian, I’ve been pretty shocked at the inflation the people here experience. When I first came to Argentina a few weeks ago, the blue dollar rate for pesos was 284 to 1 dollar. It is currently 320 to 1. I also saw a menu for a restaurant I was at on Saturday on Google Reviews and saw that king crab was 5000 pesos 7 months ago. It was 10,000 pesos when I went Saturday. My tour guide told me that they experience 70% inflation yearly.
Loosely held beliefs - This seems to be the norm in fiat money economies and I’m exploring why in an article I’m working on. I suspect that when money is abundant, adapting your beliefs to align with the money printer becomes very profitable and thus, more people have malleable beliefs, which is to say that it’s not the result of experience, but of politics. This has some profound consequences on how we progress as a civilization and it’s not good. Bitcoin Maximalism may just be the bringing back of real beliefs.
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What I’m Shilling
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