Discounting the Future:

#Bitcoin, Ecological #Sustainability and the #Time #Value of #Money
When its unit of account does not recognize the time-value of money, humanity cannot perform collective action in a manner congruent with our collective future prosperity. The social dynamics required of systemic sustainability…
simply cannot scale across time in an inflationary paradigm.

It is precisely monetary interventionism which drives corporations and individuals to seek short-term profits over long-term value. Any rational actor would behave as such…
when their future is uncertain, and malleable to the whims of a singular authority other than one’s own.

Temporal discounting of future capital flows is necessitated by the fiat system. I fail to see how a system categorically designed to decay…
will constitute itself over time. To me, that is antithetical to ecological sustainability.

The only solution to overcome the collective action problem represented by the tragedy of the commons (and the subsequent race to the bottom we’ve incurred)
is for cooperation to become the default conflict strategy, or Schelling Point…
The games that bind human action define the robustness of our collective civilization. In enacting a set of scalable, cooperation-oriented games, defection must be non-economical.

Yet how to impose congruence within the rule set, while…
avoiding distortion of the communication instantiated therein?

Agents must be liberated to act according to each’s internal value structure, so that cooperation may emerge in a robust, organic, and thermodynamically isometric fashion to the environment in which the exchange
between individuals and their environment exists. Free market exchange is the only sustainable mode of human economization as it is the only structural-functional technology capable of producing a framework for economization which does not inherently self-annihilate.

#climate

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More from @DeSpencer_

Jan 29
Bitcoin: A Natural Transistor for Computing Universal Value

TE^(X-ME)=-IE

Given #bitcoin's terminal monetary #entropy (ME) is zero and the network rate of adaptation (x) is greater than zero: Image
The Bitcoin network is a lossless dynamic #flow algorithm for computing infinitely reduced informational #uncertainty (-IE). Bitcoin is capable of switching and drawing infinite power into cryptographic signs through the power inequality created by its terminal locality of 0,0.
This infinite gain function generates a systemic power inequality, whereby the reduced informational uncertainty demands increased power flow through the network. This is a positive feedback function in action.
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