The Metaverse

[vimothy]

as long as you understand "political" to mean "institutional" to mean "operational"

 

[vimothy]

obvs crypto markets are possible, but they will be completely captured by finance

 

[Clinamenic]

as long as you understand "political" to mean "institutional" to mean "operational"

Definitely, I follow that logic and I agree with it. That the power of humans in powerful offices, public or private, reduces down to their ability to restructure societal systems that ways that they favor.

 

[toko]

crypto is impossible, imo

i have sympathy for this view- the powers that b can make the dream impossible. stranger things have happened tho. i mean we literally have socialist states inspired by a two guys writings

as long as you understand "political" to mean "institutional" to mean "operational"

you've confused me here. in what sense is the politicla the operational

 

[vimothy]

I mean in teh sense that there are practical realities

 

[Clinamenic]

Definitely, I follow that logic and I agree with it. That the power of humans in powerful offices, public or private, reduces down to their ability to restructure societal systems that ways that they favor.

Here, the restructuring itself can be more transparent, while also being opaque qua technically dense - but then what is law?

 

[Clinamenic]

you've confused me here. in what sense is the politicla the operational

I took that to mean that political power reduces down to operational, practical power, power to tilt the table, to write the rules, to influence operational reality.

 

[toko]

now the discussion is getting interesting

 

[vimothy]

which can't be avoided - just go back to your reconstruction of the financial system, for eg

 

[Clinamenic]

Here, the restructuring itself can be more transparent, while also being opaque qua technically dense - but then what is law?

Imagine if law itself was programmatic and publicly queryable.

 

[vimothy]

power operates through specific channels

I took that to mean that political power reduces down to operational, practical power, power to tilt the table, to write the rules, to influence operational reality.

 

[Clinamenic]

Imagine if law itself was programmatic and publicly queryable.

And if changes to it depended on on-chain events like governance votes.

 

[vimothy]

the act of lending - powerful move

 

[toko]

obvs crypto markets are possible, but they will be completely captured by finance

don't say evil things

 

[vimothy]

the act of borrowing - a weaker one

 

[vimothy]

nothing which crypto brings to the table changes anything here

 

[vimothy]

all of the relationships whch a crypto transaction entails

 

[vimothy]

exist outside of it, beyond it

 

[vimothy]

it doesn't ultimately mater for any of the real world transactions it records

 

[toko]

I don't have a well thought out response-i think your concerns are warranted and I struggle with them myself. (if im picking up correctly what your saying). i still think that it won't be merely "captured", web2 was captured but those political ideals have not been totally lost.