Incentives Are Everything \ stacker news ~bitcoin

Incentives Are Everything www.zerohedge.com/crypto/incentives-are-everything

2930 sats \ 9 comments \ @siggy47 29 Jan bitcoin

This is a good read, Sovereign Individual fans!

Whenever the Sovereign Individual comes up in conversation, or when I’m on a podcast, I always quip that the entire book can be summed up in one word: incentives.

But at the same time, the world we live in now contains numerous, publicly available levers that individuals can use to both express their autonomy as well as amplify it. As I mentioned on a recent podcast, now “everybody has the bomb”. The “bomb” being: literacy, effectively free access to all the information and knowledge ever accumulated by humanity, peer-to-peer communications at the speed of light, encryption, decentralized non-state money (Bitcoin), and now, AI.

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880 sats \ 0 replies \ @brandonsbytes 30 Jan

You don’t prevent somebody from Burning It All The Fuck Down by stomping all over the entire population’s rights, aspirations and incentives. All you do then is create more people who have the means and inclination to BITFD.

Such an important concept. But, it is interesting that at least in America, the hippie baby boomers wanted to burn it all down, but instead they became yuppies who grew the size of the whole thing they wanted to burn down. I don’t know what that exactly means, but it’s interesting.

Also, makes me thing of my discussion with @kr about housing. we need to figure out how to give people incentive to care about property and property rights. otherwise it will all be stuff they don’t own, so who cares if it burns down?

599 sats \ 2 replies \ @k00b 30 Jan

I like to say "if a product doesn't change incentives, it can only help history repeat faster"

0 sats \ 1 reply \ @brandonsbytes 30 Jan

what are some new products you think are keeping the same incentives?

21 sats \ 0 replies \ @k00b 30 Jan

Anything whose primary difference isn’t changing incentives. I’m not maligning them. Making history (or anything) happen faster is very valuable. Changing incentives is just more durable.

256 sats \ 0 replies \ @kepford 30 Jan

Incentives are everywhere and once you train yourself to find them you can't unsee them.

51 sats \ 0 replies \ @faithandcredit 30 Jan

Words are everything and as an extension to that law is. We can just make things illegal and it will cease to exist and we can say someone is a racist and it will magically be so.

Words and law for the win :)

I will walk myself out

51 sats \ 0 replies \ @OriginalSize 30 Jan

This didn't make any sense until I read the part between these two quotes. The point is that incentives have become even more important as global communications and literacy have arisen.

Since reading SovInd, I've become more accepting of the chaos of the world. Incentives are just more cogs in the emergent chaos of the whole thing, as are individual actions, as is access to energy and money. The question is, knowing the importance of incentives, what incentive would you like to change to what end?

51 sats \ 0 replies \ @Coinsreporter 30 Jan

You mean AI will define the course of the waters for humanity.

51 sats \ 0 replies \ @Anonymous_Hodler 30 Jan

Interesting as always with @siggy47