Connor McCormick ☀️ pfp

Connor McCormick ☀️

@nor

2321 Following
41951 Followers
Connor McCormick ☀️ pfp
2 replies
1 recast
8 reactions
Connor McCormick ☀️ pfp
3 replies
1 recast
14 reactions
Connor McCormick ☀️ pfp
1 reply
0 recast
0 reaction
Connor McCormick ☀️ pfp
0 reply
1 recast
2 reactions
Connor McCormick ☀️ pfp
0 reply
0 recast
5 reactions
Connor McCormick ☀️ pfp
1 reply
0 recast
5 reactions
Connor McCormick ☀️ pfp
0 reply
1 recast
7 reactions
Connor McCormick ☀️ pfp
1 reply
1 recast
5 reactions
Connor McCormick ☀️ pfp
0 reply
0 recast
1 reaction
Connor McCormick ☀️ pfp
0 reply
0 recast
1 reaction
Connor McCormick ☀️ pfp
0 reply
0 recast
4 reactions
Connor McCormick ☀️ pfp
We have a framing question to answer for index wallets I'd love to get your thoughts on it. On the one hand, it's true to say (as far as we can tell) that index wallets "fund public goods without taxes". This is a compelling value proposition. On the other hand, it also seems true to say that index wallets have a form of taxation, in the same way inflation is a type of taxation. It's literally through increasing the monetary supply that index wallets fund public goods. However, what's not quite right about this is that because the taxation level is being set by the market, it would be a little bit like saying supermarkets tax you by setting prices. Like, sure, if you want to think about prices as a strange kind of taxation, go for it. But it definitely seems like we have a different relationship with prices than we do with taxes, because prices have different dynamics that generate them. And that matters because e.g. in the presence of competition we tend to even have good reason to trust prices.
0 reply
1 recast
4 reactions
Connor McCormick ☀️ pfp
1 reply
0 recast
3 reactions
Connor McCormick ☀️ pfp
0 reply
0 recast
4 reactions
Connor McCormick ☀️ pfp
1 reply
0 recast
1 reaction
Connor McCormick ☀️ pfp
brief post on what the future economic system is going to look like. I have 20 minutes to write this for you I tihnk I get it done in time Long story short the first question for us to answer is "why do we use money to coordinate? like, why does this coffee shop accept my USD?" And you might have many answers for that but I'll give you the True Correct answer from On High and in order to illustrate it probably it's best to think about your friend group or your family. When you gather with your family for a dinner, do you charge people for each plate? Do you offer the head of the table to the person who paid for the premium plus price? Do you pay the person who does the dishes? no, of course not. social dynamics have a different physics than economic dynamics. So, why don't we use them everywhere? Why can't you just show up at the coffee shop and help yourself to the coffee machine like you would at your friend's home?
2 replies
2 recasts
15 reactions
Connor McCormick ☀️ pfp
1 reply
0 recast
3 reactions
Connor McCormick ☀️ pfp
0 reply
0 recast
2 reactions
Connor McCormick ☀️ pfp
1 reply
1 recast
1 reaction
Connor McCormick ☀️ pfp
0 reply
0 recast
2 reactions