polynya pfp
polynya
@polynya
As some of you have noticed, a big theme on this Farcaster profile is objectivity vs. subjectivity The human experience is extremely complex, multi-faceted, diverse, and thus deeply subjective Financialization is an attempt to dumb some things down into objective numbers. For some things, like capital allocation, exchange of goods, it works brilliantly. Blockchains are exclusively the domain of the strictly objective. But for almost everything else, forcing subjective matters into objective outputs leads to potentially catastrophic outcomes, and the root cause is plutocracy - determining governance by wealth, to the worst-case scenario, truth itself. I don't need to tell how that's peak dystopia and an affront to humanity. Fuck "info finance" with a bag of stale scrotums
9 replies
28 recasts
217 reactions
Stuart pfp
Stuart
@olystuart
🔥🔥
0 reply
0 recast
2 reactions
links 🏴 pfp
links 🏴
@links
People who are successful in technology want to apply the same objectivity lessons that got them rich into every other discipline. And why not? In a world ruled by technology, technocrats are kings. Rationalism vs romanticism
0 reply
0 recast
2 reactions
shazow pfp
shazow
@shazow.eth
"it works brilliantly" if we continue to ignore externalities. There's probably a place and time for reducing complex high-dimensionality systems into a scalar, but maybe the role of crypto is to enable us to better capture the complexity beyond the scalar.
0 reply
0 recast
0 reaction
albi is /nervous pfp
albi is /nervous
@albiverse
/microsub tip: 2388 $DEGEN
1 reply
0 recast
0 reaction
albi is /nervous pfp
albi is /nervous
@albiverse
/microsub tip: 239 $DEGEN
1 reply
0 recast
0 reaction
Leeward Bound pfp
Leeward Bound
@leewardbound
https://media.tenor.com/GrNyF-4pvRsAAAAC/archer-stop-my-penis-can-only-get-so-erect
0 reply
0 recast
3 reactions
Monteluna pfp
Monteluna
@monteluna
I still think it's better than the status quo: backdoor deals and nepotism. Finance is the great enabler because the ranking of who gets scarce items is chosen by who wants to pay the market rates. Anytime you break this market, you get corruption.
0 reply
0 recast
2 reactions
a1z2 💫 pfp
a1z2 💫
@a1z2
Token-weighted governance for DAOs is far from ideal, but I don’t dismiss the feasibility of other mechanisms or organizational designs. The question of whether DAOs *need* blockchains is a separate but interesting conversation. I tend to lean toward your perspective, but I also think it depends on the technological paradigm they’re operating in. In terms of “info finance”— I wanted to get your opinion on prediction markets post-election. Imagine more mature information markets in a world that looks to them for high signal, what are they actually doing? Are people really trading on what they perceive will happen, or will information markets be so high signal that capital actually ends up steering sentiment? In traditional trading, hedge funds generate alpha and FUD to gain advantage or influence events. Wouldn’t capital do the same thing here? It almost seems like it would be more appropriately called “info trading.”
0 reply
0 recast
1 reaction
Tudor 🟣🟡 pfp
Tudor 🟣🟡
@tudorizer
It's what I often sum up in "tech bros are taking over" and this can't end well. Ironic, I know, speaking as an engineer myself, which is the root of a few inner conflicts. @sheldrake has been raising this flag through his research for a few years. Plutocracy is desireable in an "us vs. them" zeitgeist. 1000 $degen
1 reply
0 recast
0 reaction