We see status evolutions already happening online. It used to be high status to have a lot of followers. Now, many people view it as a “green flag” if someone isn’t even on social media.
In contrast, fiat currencies, which are jurisdictional standards, commonly require adapters that extract rents. Financial intermediaries serve as adapters that coordinate economic activity across political boundaries.
Those who work bullshit jobs are often surrounded by honor and prestige; they are respected as professionals, well paid, and treated as high achievers - as the sort of people who can be justly proud of what they do. Yet secretly they are aware that they have achieved nothing; they feel they have done nothing to earn the consumer toys with which... See more
Finally, I’d like to address the claim made by some critics that Bitcoin is a haven for bad behavior, for criminals and terrorists to transfer money anonymously with impunity. This is a myth, fostered mostly by sensationalistic press coverage and an incomplete understanding of the technology. Much like email, which is quite traceable, Bitcoin is... See more
Transportation + Urban InfrastructureIs there a way to build better, cleaner cities?Is there a way to build cheaper, affordable and comfortable homes and offices for all?Can we build new transportation methods that enable us to take someone from point A -> B faster?Can we allow people to be productive while they are being transported?Can we find... See more