/biz/ - Business & Finance

[Anonymous No.51699226]

>New technologies will allow the holders of wealth to bypass the national monopolies that have issued and regulated money in the modern period. [...] Their importance for controlling the world's wealth will be transcended by mathematical algorithms that have no physical existence. In the new millennium, cybermoney controlled by private markets will supersede fiat money issued by governments. Only the poor will be victims of inflation and ensuing collapses into deflation that are consequences of the artificial leverage which fiat money injects into the economy.

[Anonymous No.51699459]

this book has truly been for me a game changer, highly recommended!

[Anonymous No.51699470]

>>51699459
the book is retarded

[Anonymous No.51699751]

>I like Texas and Texans. In Texas, everything is bigger. When Texans win, they win big. And when they lose, it's spectacular.
If you really want to learn the attitude of how to handle risk, losing and failure, go to San Antonio and visit the Alamo. The Alamo is a great story of brave people who chose to fight, knowing there was no hope of success against overwhelming odds. They chose to die instead of surrendering. It's an inspiring story worthy of study; nonetheless, it's still a tragic military defeat. They got their butts kicked. A failure if you will. They lost. So how do Texans handle failure? They still shout, "Remember the Alamo!"
That's why I like Texans so much. They took a great failure and turned it into a tourist destination that makes them millions.
Texans don't bury their failures. They get inspired by them. They take their failures and turn them into rallying cries. Failure inspires Texans to become winners. But that formula is not just the formula for Texans. It is formula for all winners.

[Anonymous No.51700993]

>>51699751
Sorry that's just fucking stupid. Thanks to you, I'm never reading that shit

[Anonymous No.51702722]

>>51699226
>>51699459
Yes, this is a profound book that gives perspective on the strange times we're living in. Highly recommended.

[Anonymous No.51702928]

>>51699226
Does it count in the effects of AI on society?

[Anonymous No.51703649]

>>51702928
ai is more artificial than intelligent

[Anonymous No.51703842]

>>51702928
kinda they call ai "smart agents", but authors miss with their predictions

[Anonymous No.51704060]

>>51699226
don't forget the sovereign individual starts somewhere north of 8 figure NW so this book doesn't apply to anyone on this board except maybe a couple old lurkers

[Anonymous No.51704104]

>>51704060
Do you really need to be a multimillionaire to hop around countries while working remotely? Or I misunderstand what the book is about.

[Anonymous No.51704811]

>>51702928
What effects have AI had on society besides being used as a fear tactic by the media to suppress wagies?

[Anonymous No.51705130]

>>51704060
You haven't read the book. It's an excellent recount of historical power structures, the catalysts that eroded them, and predictions for the near term future.

[Anonymous No.51705198]

>>51699470
>>51705130
it's an absolute crap book that low IQ cryptotards love. The author has been shilling an economic collapse and another book for the last 10 years
https://www.youtube.com/watch?v=pmNvo3ix-QQ&t=3919s

[Anonymous No.51705354]

>>51699470
you're a retard, zoomer

[Anonymous No.51705372]

>>51699226
>>New technologies will allow the holders of wealth to bypass the national monopolies that have issued and regulated money in the modern period.
woah, this is really an incredible prediction! it's not like billionaires have always had a lot of power.

[Anonymous No.51705393]

when will zu shu tweet again

[Anonymous No.51705432]

>>51705130
how the fuck does that help? a little history recap is nice, but I've got the book and the premise of helping me predict the near future's leap to a new power structure has minimal benefit. maybe you can say you called it when we switch to CBDCs but that's not exactly profound. at most you can say "oh yeah I knew this would happen!" while being issued a digital passport/wallet.

[Anonymous No.51706004]

>>51699226
I used to think this book was an unparalleled roadmap towards an inevitable future. Now I see it as an interesting novelty of a future that will likely never be.
>Global telemedicine, advanced robotics for low-cost surgery
lol nowhere close to that
>Brypto becomes actual money
kek we can't even replace PayPal after 10+ years and nobody in brypto is seriously pursuing medium of exchange functionality anymore except niche privacy coins
>The rise of brypto States attracting transient talent
El Salvador lol. lmao, even.
>Big Tech and ISPs as politically neutral forces that facilitates this vision
Absolutely not and it's only going to get worse

Davidson and Rees-Mogg are interesting cats, but Neil Postman made all these observations years earlier in Technopoly and Amusing Ourselves to Death. They are far more dour visions of the Technocratic society and infinitely more accurate despite drawing similar conclusions as The Sovereign Individual.

If you liked TSI, Postman's work is the other side of that coin and recommended reading for a holistic perspective that's not just a masturbatory cypherpunk fanfic.

[Anonymous No.51706048]

>>51705130
TSI basically assumes that brypto will "eat the world" and that Nation-States will not attempt to erect competitors, integrate brypto into traditional financial systems, or use brypto as an AML/KyC laden Panopticon.
None of which are true as of 2022.

[Anonymous No.51706110]

The book is full of shit. The nation-state is stronger than ever before. Rich people doing rich people shit hasn't changed and is still contingent on the state not feeling like fucking with you. Plenty of dead Russian/Chinese billionaires...

[Anonymous No.51706164]

>>51705432
Shut the fuck up and read the book. You dont have to like but commenting on shit you havent read is pointless.
>>51706048
Nigger, the book was written in the 90s. How precise did you expect it to be?

Maybe you fags should stick to watching youtube videos instead of reading.

[Anonymous No.51706178]

>>51706110
Not so fast, let's see what happen 2020-2060.

[Anonymous No.51706199]

>>51706164
>Complains that other people complaining about a future predictions book being wrong

[Anonymous No.51706227]

>>51706178
I don't need to wait. Nationalism as an ideology is as strong as ever. The military industrial and surveillance complexes have an iron grip on humanity. The idea that tomorrow the CCP is going to fold because some bugman holds BTC on a cold wallet is laughable.

[Anonymous No.51706508]

>>51706227
>Nationalism as an ideology is as strong as ever.
Lol.

Look at studies on how many young people in the western world are willing to fight for their country...the US has a huge problem because over 60% of possible recruits don't meet the basic physical requirements and of those that do, less than 20% are willing to fight and most of Europe the numbers are even worse.

Modern military conflict us corporate economic imperialism and central bank colonialism, nationalism is a mostly vestigial propaganda angle that in fact has been mostly opposed and reduced in importance by western media for decades

[Anonymous No.51706819]

>>51706227
>Nationalism as an ideology is as strong as ever.

lOoooooooooooOOOOOOOOOOoollll

Even proud americans don't like america itself.

[Anonymous No.51706982]

>>51699226
I think the veracity of the book's thesis depends on whether or not the government will allow private cryptocurrency to exist. If instead, the government uses its vast monopoly on violence to privately created currency and instead mandates the use of its central tracking device, then the author's predictions may never come to light.

[Anonymous No.51707589]

>>51699470
>>51705198
The book literally predicted the modern world we currently live in smooth brain wagecuck.
You are either illiterate or just a nigger, which is it anon.

[Anonymous No.51708451]

>>51705198
Dude you better start believing in economic collapses. You're in one.

[Anonymous No.51708468]

>>51706508
>not willing to fight for county
Those aren't countries anon. They're kike run economic boarding houses.

[Anonymous No.51708533]

>>51706982
XMR exists

[Anonymous No.51708665]

>>51699470
Lmao that book is very good, but you're a low IQ faggot

[Anonymous No.51708985]

>>51706199
>ther people complaining about a future predictions book being
>a future predictions book

[Anonymous No.51709734]

>>51708451

Based

[Anonymous No.51710327]

>>51699226
The first couple of chapters were tough to get through, though.

[Anonymous No.51710352]

>>51706110
The most profound claim in this book is that once the welfare states start to lose control, they will get nasty and retaliate against anyone who tries to escape. We all witnessed this with the global mystery injection mandates.

[Anonymous No.51710431]

>>51705198
>The author has been shilling an economic collapse and another book for the last 10 years
The content of the book is relevant and completely divorced from the author himself.

[Anonymous No.51710906]

>>51699226
Does the author predict that the populous will defeat the central banks with their own parallel economy or something? I’m concerned that most people don’t care enough about hard money assets. The debt slaves are perfectly fine with treasury coupons.