/lit/ - Literature

Qt, redpilled and based. If only he wasn't married I would definitively go for his absolutely immanent (=0) phallus.

King of /lit/ delivers: heil Gnon.

>>12140281
get t his ugly irrelevant FUCK to ACCELERATE off my BOARD

>The secret of time finds in rupture its principle of integrity

BASED

>>12140297
>if only he wasn't married
If his wife isn't Chinese, i'm going to be mad.

>>12140372
it's some marxist professor girl

>>12140372
8pol says he is married to a Jewish woman. I'm not sure how accurate that is...

>>12140382
Anna Greenspan?

>>12140389
Just looked it up. I very much dislike it when 8pol is correct.

>>12140398
thanks for confirmation.

NICK YOU JUST CRASHED THE CRYPTO MARKET WHAT THE FUCK WE WE'RE SUPPOSED TO RAISE CTHULU WHAT'S HAPPENING

This lad's hyping crypto pretty fucking hard. Think he went all in and just can't accept his loss?

>>12140281
Get /biz/ in here!

ACCELERATE

NICK YOU PROMISED ME POSTHUMANITY NOW I'M WORKING AT McDONALDS

>>12140474
this

nick caught a falling knife and now hes HODLing for dear life. He knows he has better chances of becoming the greatest philosoher of the 21st century than he does making his money back

/bizlit/ here
buy chainlink

>>>/biz/11911921

>>12140281
http://www.ufblog.net/

this is his actual blog

AHHHHHHHHHHH

>>12140281
philosoboomers should stay out of tech

okay this fuckin slaps
>Bitcoin produces credibility, rather than consuming it. In this way it departs radically from the entirety of previous monetary history—or pre-history—while completing it. The word “epoch” is available for the historical periods initiated by such decisive switch-points which—in Nietzsche’s appropriately grandiloquent words—“break history in two halves”. The discovery, or invention, of transcendental arithmetic (Gödel), asymmetric cryptography (PKC), and trustless money (Bitcoin) are all structurally comparable ruptures.

>>12140281
ICX IS THE ULTIMATE BUTTFUCK COIN

Trying to be smart about BTC is a great way to die.
>Hurr durr philosophy this applications that
No
Buy when your FOMO is too high and panic sell at the first red candle

>>12140664
JUST

>>12140670
>Buy when your FOMO is too high and panic sell at the first red candle
based /biz/ strat

Listen to it using a text to speech engine for added robo-voice charm

https://ttsreader.com/

>>12140684
I made 40+% in two weeks doing this, it's stupid but it works because I'm too retarded to do anything else

>>12140474
He has admitted that he does not own any before and his interest is more in blockchain technology than any specific iteration of x-coin.

i payed for my first year of uni because i was in the 0x presale were zrx tokens were like .00016eth/zrx

>my moms face when i told her i gambled all my financial aid on disney dollars

crypto is a joke im glad im out FUCK nick LAND hes a dumb stupid RETARD probably bought HIGH and sold LOW dumb fucking dweeb now hes writing all this dumb shit to cope with it

>>12140474
>>12140549
>>12140727
He started writing this before the bullrun of 2017

>>12140281
Wait now I know he’s a fraud.
>[insert meme] and philosophy
Cringing my balls off lads

>>12140798
if you understand the Byzantine Generals' Problem then you should have no problem understanding the significance that blockchain has to philosophy

>>12140838
Any thing can have significance for philosophy, Nick is clearly just giving into the attention whoring stage of his decay and you are not going to brow beat me with some pissy corner of history into okaying this obvious desperation display.

Anybody going there tomorrow? The page you posted has a presentation for their theory magazine

>>12140851
He was talking about the relation to Kant and the blockchain years ago, this is something he has been working on for a very long time, it's not something he came up with to capitalize on hype. one, there is no fucking hype right now, the markets have done nothing but shit themselves since December. No one is paying attention to crypto anymore. two, if he was looking for attention he would have published something months ago, when literally everyone was bugging him to publish something about it. Now he's finally done his introduction, and releases it when people are probably offing themselves over 95% losses on their meme coins. if this was a play for attention he literally did everything he could to miss his opportunity.

>>12140838
Blockchain isn't important to philosophy.

>>12140532

>>12141302
https://www.youtube.com/watch?v=2PMGuNZreWA

>>12141309
>blockchain solves the problem of space time
Is this British mysticism? (Yes.)

>>12140974
Yeah he blew it, I mean not coming out at its peak, but if he were any good at deadlines he might not be such a marginal academic. He had to meticulously cut up and draw all those lacanianisms out of a hat of course.

pink wojacks are unironically the best part of /biz/

>[4] It should be noted, in clarification of this analogy, that the conceptual foundations of political economy (pre-Bitcoin) were far inferior to those of mathematical logic (pre-Gödel). The logicism of the Hilbert Program, and of primitive analytical philosophy, while ultimately untenable, at least provided an exact formal basis for its own theoretical elimination. The concept of property, in marked contrast, remains opaque to an almost comical degree. Its dependence upon a legal decision process invoking discretionary judgment essentially resistant to formalization, while convenient—almost by definition—to those wielding political influence, is a stark indication of its radical conceptual insufficiency. Property is reducible neither to legal title, or physical possession of precious substance. The former is a bad abstraction (to political dispensation), the latter an inadequate one (to a crudely naturalized relation). Another basic conception of property is now undergoing consolidation. Property is crypto-security. It consists of keys.

this is one of those Uncle Nick spells i was waiting for.

>>12141328
>lacanianisms
>Lacan is a metafetishist necrophiliac nun raper
Read Land.

>>12141337
>The concept of property, in marked contrast, remains opaque to an almost comical degree. Its dependence upon a legal decision process invoking discretionary judgment essentially resistant to formalization, while convenient—almost by definition—to those wielding political influence, is a stark indication of its radical conceptual insufficiency. Property is reducible neither to legal title, or physical possession of precious substance.
This is why Land is not "right-wing".

>>12141351
>This is why Land is not "right-wing".

go on, explore the space. in the meantime:
>Capital revolutionizes harder, deeper, and faster than “the Revolution”. Its lack of attachment to itself exceeds anything the left has been able to consistently match. Capital’s scandalous immortality is derived solely from its inventiveness in ways to kill itself. There is no serious way in which it could die that is not more intensely effectuated as a functional innovation within itself. Revolutionary capital proceeds through disintermediation. It bypasses what it marks for extinction.

and aesthetics, because aesthetics may be all we have

>>12141345
Why should I read him? He writes what amounts to theoretical fiction. He is essentially hypebeast laminating lovecraft onto Baudrillard. A stylist and what’s more, notably unimportant.

>>12141331
quick rundown?

>>12141371
The entire sentence I quoted is wrong. Property isn't resistant to formalization when property itself is a formalization of a grant by the State. How can this be insufficient when it is... actually what happens in the real world? Land seems to just be saying that he doesn't like this state of affairs, as opposed to explaining why cryptocurrencies will replace the formalized property relations of the State. He wants to place property prior to politics when this simply cannot happen outside of ancapistan where every person is their own sovereign armed with nukes (not happening). BTC has value because it can be traded for USD.

>>12141376
every crash

>>12141403
It is a (sometimes) valuable collectible and in no way a currency.

>>12141412
There are some good reasons to buy BTC. If you live in a third-world country, you can buy BTC so that it can be exchanged for USD later and not have your savings go to zero in the event of a currency crisis. Ultimately, being a currency relies on its sanction by the state in a given region, and in BTC's case it's "ability to exchange BTC for USD."

>>12141403
>§1.9 — Instead, and especially in the early stages of the currency, a synthetic valuation is called for, as determined by exchange rates. Typically, this will reference the world’s principal reserve currency, the US dollar, as a unit of account. At any point in time, therefore, the entire bitcoin stock has a determinate market value. Estimated in this way, the “scale” of bitcoin approached one hundred billion dollars by early 2018. The complex equivalence between this—comparatively paltry—financial evaluation and the appeal of the Bitcoin business as a venture capital opportunity, let alone as the core technology of an industrial revolution, presents a challenge of commensuration for which no existing road-map is even approximately adequate. It is unprecedented for the principal infrastructural innovation of a techonomic long-wave to take the immediate form of an investment vehicle. Extraordinary nonlinearity results.

>>12141422
That really doesn’t make it a currency. The same third worlder could buy several copies of the first Superman comic or something and probably have a better chance of getting all his money back than BTC. Being able to exchange something for USD does not make it currency. I can exchange my cum for USD right now.

>>12141435
can you access your comic books from any node in the bitcoin network using a cryptographic string? not to mention bitcoin is self-validating, meaning you don't need to check for counterfeits like you do with comics (and traditional money)

>>12141451
The convenience of bitcoin (probably just as easy to sell a very valuable comic book through online marketplaces) does not make it a currency. The lack of counterfeiting does not make it a currency. You cannot defend calling it a currency because it isn’t. It’s a collectible.

>>12141483
I could defend you if you were trying to imply it was a commodity, because it does function more like gold than fiat currency, but either way both gold and bitcoin are money. If bitcoin provides a new self contained economic system of money, the only difference between it and a currency is that Satoshi Nakomodo didn't represent a government.

>>12141523
There are several differences and for the sake of argument collectible was my terse way of calling it a commodity. It may in some situations function like a currency but so does Ramen in US prisons.

>>12141530
okay but it's a really bad analogy because there's a bunch of reasons why ramen can't be money. can you at least admit that bitcoin is money? that is the stated goal of the bitcoin whitepaper.

>>12141552
If it were money I’d be able to give some to the cashier at Walmart. But I can’t. I mean I can use an app to do it digitally but that is not the way “money” works in general.

>>12141686
You can't pay with Iranian real either but it's still money. You can't pay your taxes in gold bullion but it's still money.

>>12141686
Things can be money without being universally accepted. Some places don't take cash, or card, or BTC, or bullion, or whatever other example you wanna use. "Money" doesn't denote universal medium of goods exchange

i'm going to need about three threads on this before i can understand what the fuck he's talking about this time. also

>automated governance

this one is a doozy. i want like a paragraph by paragraph close read or something

>>12141934
Automated governance is just a more evolved form of liberalism.

>>12141941
yeah, kind of. but he wants that All For The Future King/Wintermute vibe as well. not saying that liberalism doesn't segue into DAO-governance type stuff really easily or anything. i get that all of this automation comes out of liberalism, and i'm happy for Uncle Nick that he basically got the Christmas gift of all Christmas gifts in his stocking this year (or, more appropriately, ten years ago), but w/ev.

i've read his piece a couple of times today and i'm still getting charmed by his old black magic, even if i'm not even sure i understand half of where he's going with this. already hoping for another Murphy interview in a few months.

Uncle Nick is only ever good (read: terrifying) times.

>>12141972
>yeah, kind of.
>not saying that liberalism doesn't segue into DAO-governance type stuff really easily or anything.
What is Constitutionalism, rule of law, and so on if not the ancestor of this? The whole point is a rejection of human judgement in favor of procedural government and rule-following.

>All For The Future King/Wintermute vibe as well
I don't know what this means.

>>12141376

>>12141913
>gold bullion is money
gold bullion is gold bullion. You're bending the definition of money in order to accommodate it, while ignoring the fact that one of the primary characteristics of money is its liquidity. Unless you go through the effort of melting your ingot down, you're not really going to be able to sell off only a portion of it.

>>12141989
>What is Constitutionalism, rule of law, and so on if not the ancestor of this? The whole point is a rejection of human judgement in favor of procedural government and rule-following.
you are not wrong sir. that fits very well with how i understand him also. Artificial Kantian Time and such.

>I don't know what this means.
just that he likes the idea of crypto-locking the future in favor of more AI. he tweeted it somewhere, that BTC was the ultimate bootloader for AI (although he said unironic time-travel, IIRC). BTC as Wintermute, or whatever it was that Wintermute signified, mainly machine intelligenesis.

as for the other reference, i've been brooding about the FF games of late but i find XV's theme of kings sacrificing themselves to preserve crystals and financial districts all at once pretty interesting. i have Things To Say about FF6, FF7 and FF15 and so on, just kind of boring schizo-ramble about culture &c. basically just that temporalization and finance become issues for cultures that restructure themselves accordingly in appropriately gothic ways.

>>12142050
Land's thought is market liberalism taken to its utmost conclusion. Now, I have a lot of problems with this ideology in that I view its way of looking at the world as fundamentally disingenuous, but it's pretty much what Land "advocates".

> i have Things To Say about FF6, FF7 and FF15 and so on, just kind of boring schizo-ramble about culture &c. basically just that temporalization and finance become issues for cultures that restructure themselves accordingly in appropriately gothic ways.
What does this have to do with FF6 in particular? I've never played past 6.

>He doesn't listen to Kode9 while reading new Land
Literally CCRU official soundtrack

>>12142064
>Land's thought is market liberalism taken to its utmost conclusion. Now, I have a lot of problems with this ideology in that I view its way of looking at the world as fundamentally disingenuous, but it's pretty much what Land "advocates".
Uncle Nick is a complicated man, no one understands him but his woman, &c &c. he utterly, utterly, loathes the left. probably because some tiny piece of him is forever bound up with it. but also because thinking through capital in this way is not only exciting as hell for him philosophically, but also suggests something like a plot change from the current wheels of doom that are left/right retardation. i really can't say i blame him sometimes. and i appreciate his ultra-cold takes on these things also. i don't subscribe to his politics either, but he's got the most incredibly imaginative perspective on capital today, and that's why i check his blogs and twitter feed daily. i can do without the curmudgeonly grumbling, but it's worth it to get a BTC and Philosophy paper, which has more stuff for me to pore over than basically anything else on the internet.

>What does this have to do with FF6 in particular? I've never played past 6.
6 is my all-time all-time favorite game going away, and as time goes on i realize more and more why i like it to much. 6, 7 and 15 form a really interesting story all about cities and machines, and other things as well: Heideggerian Gestell, the hard limits on postmodernity (Doomsday Clowns, the apocalypse, industrial reactors, enemies from the Outside, and by the time you get to 15, you've gone all the way through the baroque, through industrialism/cyberpunk, right up to luxury cars, selfies and shopping districts that are, at least nominally, still 'fantasy.' that is a hell of a para-world to be opening up. i happen to think FF6 is one of the greatest stories ever told, in spite of what people say about the WoR, that Kefka is an AAA villain once and forever, and much else. but they're also long and unusually rich discourses on the city, modernity, and technology as well, which i like to muse on, altho with some degree of continental poetic license. i keep trying to reduce these thoughts down and they keep blowing up on me. at some point i'll have it all sorted out. or not.

basically i think they're terrifically interesting perspectives on modernity and technology, the world of the polis, Deleuze and others. in a purely literary form Journey to the West and LotR are peerless, but the FF developers were definitely on to some pretty fabulous stuff in the 1990s also, which are a crucial turning point both culturally and technologically also. bonus points for not embiggening it either (since that's my job).

>>12142148
>Uncle Nick is a complicated man, no one understands him but his woman, &c &c. he utterly, utterly, loathes the left.
Yeah, but he accepts a whole lot of left (liberal) presuppositions. imo, you can rail against the left all you want, but you should be able to explain how you got from market liberalism to, let's call it, Anglocommunism, especially when the former is often providing financing and institutional support for the latter... Still, his writings are sort of interesting.

Your post is making we want to replay FF6 now.

>>12142148
Kefka Palazzo gives you everything you want to know about postmodernity about eight ways from sunday, and he's quite interesting looked at through Heideggerian, Nietzschean, and Deleuzian angles. he - and his story - fit with all three of these. and as a story you can't ask for much more, if that is the Ballad of Postmodernism for you, and where Max Irony winds up: that is, total ruination. even Deleuze makes a promising case for the Baroque, which is exactly in FF6's style. Kefka is kinda-sorta like Sun Wukong in the absence of the Buddha.

and after that, all eco-friendly Heidegger-Lite themes aside, it transitions into FF7, a new era, and new sensibilities to go with. similar themes, the Gestell/Mako, but with a continual exploration of similar themes: another enemy which plays upon the metaphysics of difference (Jenova) and another tragic villain (Sephiroth) victimized by tech-process and Man's Urge To Know. and much else. 20m drekky papers have been written on this already, so i won't go into too much detail here. as usual, i'm wildly late to that party. but it is enough to see that the collective unconscious responded very well to these themes: and, as in the case of Kefka, there is no easy way to Solve For Jenova, metaphysical difference being the issue that it is for all things PoMo. and, as usual, with apocalyptic ruination in store.

with FFXV, a much gloomier work begins, super-heavy, and curiously founded on sacrifice. to preserve a dreaming city (Insomnia, no less), The King Must Die...which is quite an about face, given that he is sacrificing himself to preserve that very force of modernization which produced Kefka twenty years ago. but it both is and is not the same world, i think. all discourses on virtuality and religion...fascinating stuff for schizo-ramblers like me. and Deleuze also has interesting things to say about crystals and time...the FF games were always a lot more experimental than the DQ games, which are conservative and right now are getting a little more shine. but FF hits on themes that are pretty cool too. oh yeah and there was cool art that suggests the plane of immanence in FF6 and other stuff and-

anyways, those are just some thoughts i've had. but i don't want to colonize this thread with meme rambles. we must praise Uncle Nick here! and so let him be praised.

>>12142021
>one of the primary characteristics of money is its liquidity. Unless you go through the effort of melting your ingot down, you're not really going to be able to sell off only a portion of it.
not the definition of liquidity, liquidity has to do with amount of demand in the market, i.e. a rare comic book has zero liquidity compared to gold, which can be sold at any pawn shop/gold trader. You are thinking of divisibility, and you're right, if you have a gold coin is is hard to accurately divide it, so most of the time you will require change. with physical money, it is impossible to divide it, so you will almost always require change. bitcoin is the only option of the three that has decent divisibility.

>>12140674
they are lucky it can't go below 0

>>12140798
>Quantum Philosophy

Land's still a Marxist even post twitter
>§2.9 — Since the origins of modernity, a specter has been haunting the world—that of the autonomous industrial economy. This is the same emergent order that has acquired the name “capitalism” in the abstract, tendential, or teleological sense of the word, and—still more importantly—in accordance with its usage as a designation for an always only partially-defined real individual, or terrestrial event. Its signature is a regenerative, or self-reinforcing, intensification of socio-economic disequilibrium, “governed”—or, more strictly, made radically ungovernable—by a fundamental positive-feedback dynamic. “Capitalism” then, as a singular (or “proper”) rather than generic (or typological) name, designates the sovereign self-escalation of an innovative entity, defined only by the practical relation of auto-promotion it establishes with—and through—itself. What it is, in itself, is more than itself. Growth is its essence. This is easily said, but—as an irreducible logical anomaly—it is far less easily understood. This does not, however, obstruct its being named. Fernand Braudel writes of “the passionate disputes the explosive word capitalism always arouses.”[7] Its would-be defenders, typically, are those least inclined to acknowledge its real (and thus autonomous) singularity. Business requires no such awkward admission. This, too, is a crypsis. By inevitable—if often awkward—irony, a species of “Marxism” tends to be regenerated in any systematic promotion of Capital. Even were this not the case, those who consider themselves befriended by Capital would rarely be motivated to pronounce upon the fact.

>>12142897
It's not immediately obvious how anarchist/market-leftist Land is.

>>12143387
The second CCRU communique Message to Maxence Grunier the CCRU describes itself as pro-market anti-capitalist under the influence of Fernand Braudel. I am not sure if Land would make the exact same statement today, but his support of capitalism has always been born out of critiques directed towards it rather than tracking a linear decent out of pro-capitalist writers. Even his later interest in the Austrians was limited to the point that they overlap with a rigorously orthodox Marxist approach.

>>12140281
nearly all of this article is rehashed from his new centre lectures in 2015, and presumably from his unfinished book

Sum 10.2 was already must-read. this stuff looks really interesting too

https://twitter.com/ekscest/status/1066669564631621639

https://twitter.com/ekscest/status/1066027064858427392

http://sumrevija.si/en/issues/

>>12143502
& Patchwork feels more and more like a tortured blackpill communism to offset the unbearable lack of torture that belongs to the rainbow communism that is the Cathedral.

>>12143507
& EBBerger has all the memes

>>12143507
>Nick Land: Okay, that’s great. That’s really… This has been great fun, Justin. Best of luck. I would even go as far as “best of luck” with your communist blockchain, as long as you’re not looking for an investment.

>>12141376

>>12140560
The majority of /lit/ is too dumb to do that or even research why they should.

>>12141337
>Prior to Bitcoin, the foundations of monetary theory remained similarly enmired in legacy conceptions, stemming from the concrete history of property representation.[4] Bitcoin produces credibility, rather than consuming it. In this way it departs radically from the entirety of previous monetary history—or pre-history—while completing it

I enjoyed this one.

>>12141686
>way “money” works in general
So when I buy starbucks with my app and tip the server that's not money working? It only works if I hand a physical object to starbucks? Of course an app is real money and it's not hard to simply switch out that app to pay in crypto instead of usd.

Plus Ohio state just accepted taxes in bitcoin. They dont accept beanie babies, gold, or tulips. Why would they not accept something that isnt money....?

>>12141309
>>12141311

Anglos are halfwits regardless of their arguments.

>>12140281
I tried philosophizing about crypto and my thread was pruned

>>12144413
Anyone looking at BTC as a currency or money, Nick included, are missing the most much more interesting dimension of how commodities are involving and yes Ohio is accepting *this* commodity for tax payment and not others. It is a special commodity, but it is still a commodity.

>>12144620
Of how commodities are evolving*
Fuck I’m tired. Basically currency is becoming a vanishing mediator and commodities are set to replace it as even real currencies become more exclusively digitized; essentially economic value is being handed over to corporations in stead of governments. BTC is definitely interesting.

>>12144620
maybe the definitions of money and currency need to catch up, not commodities. there hasn't been one good argument against bitcoin as money itt

>>12144681
Why should we change our definition of currency instead of reassessing how commodities are used and how their value is determined. On the one hand you have BTC which acts like a currency in some cases but is more like a commodity in all other cases (Market Watch and the US Dept. of Treasury, both have made statements to this effect) and on the other you have standard currencies with a more or less static definition or at least a standard relationship to States/Governments. If we just change the definition of what we consider to be currency to allow BTC the status of currency (trade in in Forex markets I guess, among other things, probably things that crypto fans wouldn’t like too) then nothing in effect changes in the way we view our States, Governments and Economies—but if we actually examine what it means for a commodity to act as money in the way that BTC does, then we are challenging the very relation between currency and commodity—and this is potentially much more challenging to the State and financial institutions. I think this is the reason that glow in the dark niggers like Nick Land just create a spectacle of themselves while forcing the narrative which is ultimately safer for the status quo.

>>12144705
so, the only reason you chose changing commodities over currencies is utility, getting people to reconsider relations of concepts. but the same effect comes from changing currency too, but since blockchain in effect was designed as and still does act as money, I think your plan is self defeating. the future isn't some neobarter system where suddenly all commodities take the place of currencies, bushels of wheat will never have tbe properties blockchain posseses that allows it to work as such. it's too reductive.

>>12144746
I’m not choosing anything, Bitcoin is a commodity and in stead of just calling it a currency it is better to reconsider how commodities actually function or can function within capitalism or whatever you want to call it, ownership vs. contract also comes up, Trust in the civic sense of the word “Public Trust”, etc. AI is also going to bring up these issues, as slavery did before (only obviously in a different way). People are missing the bigger picture of what block chain has enabled. It has created a product with no other value except for exchange value, a pure commodity in fact (in truth beanie babies were already like this but their objective qualities obscured their lack of worth outside of exchange value) what am I even saying? BTC proves Marx right.

>>12144807
it's clearly in an intermediary state, it looks like a commodity and Nick makes a point about this with synthetic exchange value, but it doesn't function like one. the properties of bitcoin don't line up with Marx's definition of a commodity.

loving this board crossover. the whole mag issue is pretty good, especially for something coming out at this bear moment

>>12145039
I agree that BTC could represent a transition, but I imagine the outcome
will not be some kind of revitalization of discourse in values per se, this is what Marx alluded to with “fictitious commodity”, regarding financial products; but cryptos are still the product somewhat of workers since the building of blockchains and other infrastructure necessary to the product itself is the work of programmers etc, and interestingly lot of these workers are more and more resembling Marx’s proletarian (especially in the devoloping world)

>>12145264
nyx pls

>>12145264
>4chan
>shitcoin
>Nick Land
>touchbar mbp
>posing in knee-highs
This made me throw up a little.

>>12144620
We'll it's inherently a form of money; tokens have value!

I think the interesting thing is how it has the ability to base money on different things. Steem for example bases money on social media likes. Social approval obviously has inherent value. Much moreso then gold for example

Also take a company like Snap; Snap makes zero money net, and yet it's valued at some $8 billion. They say they may never make money.
What if they tokenized the *use* of Snapchat?

Human use has extreme value, but the current system only allocates value by proxy (the stock market). Utilizing a digital ledger in this way allows us to allocate value directly to the most important aspect of products: their use!

>>12145264
based

>>12145264
where did you buy the physical copy?

>>12145415
But none of it is relevant without the real value of real money aka USD

>>12145415
BTC=some amount of USD it has no inherent value, USD maintains its value in complex ways and we could discuss the inherency of any of that, but tokens are only valuable in relation to the currency that they can be exchanged for. If you give someone BTC somewhere down the line it must be turned into or stand in the place of a real currency, else it has no value.

>>12142147
>not CP violation

>>12145578
>>12145593
USD was a receipt for gold until recently. A token could absolutely unseat it.

These digital ledgers basically represent the rise of the 'economy of economies'. It allows us to experiment with economic systems.

Maybe we'd use multiple forms of currency for different things. I'm not going to try to envision how it will play out in the long run, but I highly doubt that the best currency just so happens to be the one we already use. I illustrated an instance where it fails to reach.

I'm saying a better one would reach closer to based on People and what we do. USD is closer to that than gold. Something else can get closer than USD

>>12145652
There's a good reason to not "back" your currency with a limited commodity, namely, you can run out of money.

>>12145665
you can design a blockchain with built in inflation

>>12142147
Post tracks

>>12145652
Well I’m reading about smart contracts now and my opinion is getting more optimistic, but obviously trust less arbitration requires reliable information, so let’s say a contract requires A to pay B if Event happens; how does the facticity of [event happening] reach the Blockchain (probably a dumb way of saying that but) how is payment triggered, and if it is incorrectly triggered how can it be reversed? You may not know the answers I’m just thinking out loud.

>>12145773
this is called the oracle problem and it's one of the biggest challenges to DAOs, smart contracts, ect. but bitcoin doesn't use smart contracts per se, they cut out 95% of bitcoins functionality because they decided it should operate as money rather than a virtual economic platform like ethereum did; meaning bitcoin doesn't actually have to worry too much about the oracle problem.

>>12140654
>The discovery, or invention, of transcendental arithmetic (Gödel)
what he mean this?

>>12145817
Unless cryptos can become useful and competitive against actual currencies on a large scale (and obviously the open source nature of the underlying technology is a problem) then I don’t see it emerging from novelty/commodity status, specifically why is bitcoin any good to use outside of the black market? Ethereum sounds interesting for its smart contracts but as you say the oracle problem exists, and then I get into Chainlink and become a hypebeast, but remain agnostic about its potential for adaptation when it is in fact competing with the government backed currencies. Shit , maybe Blockchain is more interesting for its encryption and decentralizing than it is as a currency

>>12145938
How is the open source nature of blockchain a problem?

>>12145773
How indeed?

>stinky linkies on /lit/
thanks Nick you really fucked up this time

>>12145264
unironically loving this image anon

>>12146832
also this one. hats off to both of you

and this thread in general tbqh. and not only because i am drinking heavily atm. but because it's true. land threads for a better tomorrow

question: what kind of bizarre posting regime is Uncle Nick on anyways? we have now gotten the spoiler for like the next month of BTC and Philosophy, so we can look forward to daily updates of...stuff we have read already? oh well. can always go back and re-read what he's dropped already i suppose. weird tho

>>12145409
kek'd at pic related
too true

>>12145409
>posing in knee-highs
go to >>>/g/ , it's very common with zoomers