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assayer
@assayer
Are we all hypocrites? Do we betray our revolutions? Can @prosocialise use $degen to promote a sharing world, with everyone's needs met without any pay? (below) Can @balajis.eth promote a network state, which is supposed to buy real estate "territory" based on centralized state property laws? Can we all use the power of liquidity created by fiat to push for better money and a bankless society?
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@alkohlmist
1. Yes 2. No 3. Yes and no We ultimately must break away from value accrual and appropriation of fiat $’s AT SOME POINT, not necessarily immediately, for crypto to be actually economically meaningful. EVERY coin in existence follows an implicit economic philosophy of Austrianism But what happen when the first true MMT coin drops with material means to back it up…?😳👀
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@assayer
first true MMT, can you elaborate?
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@alkohlmist
I can’t really get too deep in this format but 1Dime has a fantastic playlist on understanding MMT and has a bunch of MMTers on his pod. Best I can explain it is somehow without using the enforcement or coercion of violence, you would tax and issue your debt currency, whilst printing as mush as needed, currency being used as a unit of measurement of your resources and labor rather than of some esoteric ‘value’, or wanted by your governing community. https://youtube.com/playlist?list=PLyytc2-LIrN7kIRyPXghWjeb4MV_DDqBK&si=ehwLFcf06sGEZinp
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@assayer
i need to study it closer, thank you!
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