On exactitude in the non-discipline of ‘crypto-economics’, or: the Fate of Bitcoin

…In that Empire, the Art of Cartography attained such Perfection that the map of a single Province occupied the entirety of a City, and the map of the Empire, the entirety of a Province. In time, those Unconscionable Maps no longer satisfied, and the Cartographers Guilds struck a Map of the Empire whose size was that of the Empire, and which coincided point for point with it.

The following Generations, who were not so fond of the Study of Cartography as their Forebears had been, saw that that vast Map was Useless, and not without some Pitilessness was it, that they delivered it up to the Inclemencies of Sun and Winters. In the Deserts of the West, still today, there are Tattered Ruins of that Map, inhabited by Animals and Beggars; in all the Land there is no other Relic of the Disciplines of Geography.

-Jorge Luis Borges.

How to make friends

So back in mid-May I decided to give an interview in the Tim Swanson tiger crane style. It was posted today. Key quotes below:

“From a political perspective, I’m aware that a lot of Bitcoiners are of the view that Bitcoin will democratise finance. That may be, but I think that a lot of Bitcoiners are also of the view that more people using Bitcoin will drive up its price.

“Smart contracts are quite agnostic in a sense that you don’t have to pin yourself to any one protocol to get the utility and then capitalise that utility at a later date… in a sense they’re very fair, because you can set up this architecture and people will be charged very little to use it. They can transfer value by writing new contracts on top of it really in any way they wish.

“So it’s a platform that doesn’t necessarily benefit early adopters in the form of a rent, which Bitcoin admittedly does, but offers much of the same utility, and in fact offers considerably more utility than Bitcoin. I’m surprised a lot of people don’t see that.”

And something a little less crass:

“It’s not the future of money. This is the future of everything. This is a decentralised industrial revolution.”

Interview starts at 21:40.