205 sats \ 3 replies \ @F 20 Aug 2022 \ on: Surveillance, Austrian Economics, Calculation bitcoin
It is clearly already existing, to what extent, who knows - but does it seem to be working well to you? I think the Austrian Economists are talking about changing the system from a centrally planned debt-backed fiat system to a decentralized, sound money standard.
In both systems there is planning. On a bitcoin standard, the base financial layer is the bitcoin protocol which is unchanging and finite. A solid foundation to plan on top of.
In the current system, the base layer is planned, shifted, adjusted, and tweaked constantly, leading to a shifting, eroding, and tumultuous economy that is always in dire need of "financial policy" and "fiscal managing".
Bitcoin doesn't care about corporate surveillance, or a housing recession, or a global market crash. It does not care who demands what supply of what good for what price. Tick-tock, next block. Like a clock.
If I'm responding to the right thing, or if I'm wildly off here, let me know.
Thank you for responding the way you did. It helps me clarify my own thinking. The reason I brought it up as "Austrian economics" is they were the only ones in my mind who still had some sense of complexity. I'm not married to to their analysis. But the main thesis is "human action" and the complexity thereof.
And my OP was about... given how surveilled we are, how profiled we are... do we not already have a centrally planned economy with various fiat currencies? I know what I'm saying sounds either "retarded" or obtuse, but how would we know the difference?
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We do already have a centrally planned economy, yes. We are all surveilled in some way or another, but even so, you cannot accurately predict what is going on inside a person's head. Even if you have all of their search history, data, etc - the human mind is random and surprising in its choices day-to-day.
We know the difference between a centrally planned economy and a decentralized one by verifying:
Bitcoin is verifiably decentralized - anyone can broadcast a transaction to the public ledger without anyone else's permission, and anyone can look up and see where all the money is going.
Fiat is verifiably centralized - it is printed digitally and physically in one place by one group of people in each country. Its exact location is obfuscated and the system is opaque by design.
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I mean we already live in a world of shifting currency rates associated to very little, and an encroaching worldwide surveillance.
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