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44 sats \ 1 reply \ @Undisciplined 3 Jun \ parent \ on: Are we thinking about MoE all wrong? bitcoin
Yes, there is no end to scarcity. All costs will never go to zero, because we'll just start aspiring to things that are now unattainable.
That's exactly how life a century ago would be compared to today.
Agree, but are people happier today than a century ago?
I suggest in parallel to the development of the post industrial economy, is war between western civilisation and China.
Already China has won the trade war and is waging war on the west via proxies.
China wants to develop and control its global trade payments protocol/s independent of western hegemony. It has already operational both CIPS via Hong Kong providing trade payments for Iran, Russia, N.Korea and probably others, and mBridge ready to expand its trade payments MoE reach to BRICS members and beyond.
The contest for control of the post industrial MoE/banking protocols is the apex of the contest between China and the west.
Bitcoin does propose an alternative, non-state based MoE but it seems unlikely to triumph over state based MoE protocols ... simply because most people remain reliant upon nation state power projection for their wealth and security.
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