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100 sats \ 5 replies \ @optimism 16 Nov \ parent \ on: Marc Andreessen as Avatar for Societal Decay culture
So you're saying VCs will be obsolete because money will be at rest?
I know it's obvious, but what bitcoin fixes is not really my thing. That said, I don't think they'll be obsolete. I think there will be fewer of them seeking upside uncaringly. It's hard to explain why you're funding scams for a 20% return when you could have bought bitcoin. When there's no upside to compromising your morals, you won't.
imo changing base incentives is going to change all kinds of shit. Bitcoin is not a butterfly flapping its wings causing a tsunami. Bitcoin is a tsunami causing every butterfly to flap its wings and whatever else. VCs (and the financial class) are pretty close to this tsunami so the industry will probably change a lot.
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I'm still wondering about this. I know the common saifedean based narrative where a bitcoin standard fixes everything but I'm not convinced.
A bitcoin pmarca could become an even bigger concern than a fiat one. Especially since he's already rich, and unlikely to go down. Maybe even more because all morals seem to have been shed. Its not hard to imagine what a 19th century like world of haves and have-nots could turn into with guys that already behave like this today, when they are still fiat slaves themselves.
Besides sovereign money, we need sovereign everything else too, to prevent being chained again. From software to manufacturing. I don't see any other way to preemptively defeat the future ruling class.
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Besides sovereign money, we need sovereign everything else too, to prevent being chained again. From software to manufacturing. I don't see any other way to preemptively defeat the future ruling class.
I think most technology terminates as a commodity and assists non-commodities become commodities. The ruling class, when it's morally good, helps this process along. When it's morally bad/neutral, the ruling class attempts to prevent technology from commoditizing.
To disrupt a ruling class, we need to either accelerate this bootstrapping process with meta-technologies or provide alternatives ways to bootstrap technology and its commoditizing effect.
One of my professional obsessions is figuring out how to use bitcoin to decentralize incentivizes of other systems so we can commoditize things that are resistant to commoditization, where we might currently default to a ruling class or we're overly reliant on few good natured people.
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we're overly reliant on few good natured people.
With all the "play-good guys" turning their non-profits into commercial spinoffs 1 I'm afraid there's no good incentive to be a good guy right now. Probably this will eventually give rebirth to the proper countercultures and -movements. If Bitcoiners want to stay relevant in the counterculture, we're going to probably have to invest more time into this.
Footnotes
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I’m also skeptical of bitcoin fixing everything.
How much of human depravity historically was caused by fiat? How much by lack of technology and scarcity of human essentials like food/water/energy? How much is just our nature? It’s got to be a mixed bag.
The tricky part for me is that I think pmarca is morally neutral and I’m still not confident bitcoin fixes him. I do suspect that in a bitcoin world, fewer young pmarcas move to moral neutrality. I don’t think moral neutrality pays well on a bitcoin standard.
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