The Metaverse

[vimothy]

haha, but is that good?

 

[Clinamenic]

And yeah I think dollar hegemony will persist even if web3 does end up totalizing economic reality.

 

[Clinamenic]

BTC can offer an alternative for reserves I suppose, but if US has majority hash power of the network, that could conceivably become grounds for geopolitical leverage.

 

[toko]

so really you think its impotent insofar as its utopian vision is doomed to fail given political realities. its not impotent insofar as it can be captured by the power that b if it tries to see adoption?

 

[vimothy]

there's no tech solution to ppl, ppl will always be ppl

 

[Clinamenic]

haha, but is that good?

Only as good as we make it.

 

[Clinamenic]

there's no tech solution to ppl, ppl will always be ppl

Not solve so much as augment, with unpredictable consequences.

 

[Clinamenic]

But ultimately it serves to prosthetically enhance us, even while continuing to invite novel challenges and threats.

 

[Clinamenic]

In that Adam Curtis series that @RWY just shared, I think there was a quote from Troksky where he said that technology will turn the average man into a Marx, a Goethe, etc.

 

[toko]

there's no tech solution to ppl, ppl will always be ppl

there is no tech solution to people, but hows this, tech can open new political possibilities and ways of social arranging ourselves. the tech is not sufficient sure but it can be what allows us to politically change.

 

[Clinamenic]

Perpetually opening up novel avenues, which then involve novel obstacles. But the progression, if you zoom out far enough, in is inarguably profound.

 

[Clinamenic]

Take my hand, @vimothy, and let us ascend unto the decentralized and publicly verifiable mountaintops of Valhalla.

 

[toko]

one of my favorite examples of this is in open source software. the internet did not change the fundamentals of our economic-political system -- but I think its much easier to imagine different economic systems in which labor is not so alienating because of the success of the model.

 

[forclosure]

don't go all @WebEschatology on us stan

alright *cracks knuckles* thats it

 

[luka]

there's no tech solution to ppl, ppl will always be ppl

isnt it funny how even 'debates' seemingly dependent on high levels of technical understanding and terminology always reduce down to the tritest of formulations

 

[vimothy]

I suppose I could be a bit more specific

 

[vimothy]

ultimately the nature of the financial system is determined by institutional structures like banks and the overwhelming need for liquidity provision via the extension of credit, which are kind of ontologically prior to technological choices or contingencies, or even the particular asset which functions as money in any given market, and for whom such factors are essentially implementation details - like whether you use python or javascript when writing your website. these institutional structures and functional requirements predate the existence of fiat (by millenia) and will continue to exist long after it has gone.

 

[woops]

the overwhelming need for liquidity provision via the extension of credit, which are kind of ontologically prior to technological choices or contingencies

It's just like the old days of dissensus

 

[Clinamenic]

ultimately the nature of the financial system is determined by institutional structures like banks and the overwhelming need for liquidity provision via the extension of credit, which are kind of ontologically prior to technological choices or contingencies, or even the particular asset which functions as money in any given market, and for whom such factors are essentially implementation details - like whether you use python or javascript when writing your website. these institutional structures and functional requirements predate the existence of fiat (by millenia) and will continue to exist long after it has gone.

I mean in principle, you could still institute credit scores via on-chain data, and just enforce them off-chain. This might be how blockchain has to approach non-collateralized loans. Not sure, though.

 

[vimothy]

it doesn really matter, neither the blockchain nor bitcoin can prevent expansion of liquidity on demand, and in fact must provide it in order to support functional markets