lovely, thanks for recommending!

makes sense, beneficiaries of the Cantillon Effect are not incentivised to think differently, violates their self interest. same with an eth maxi that got in at the pre-mine

AI summary:

Introduction • The paper introduces the concept of the “nocoiner syndrome,” a condition where individuals, especially those benefiting from the current financial system’s Cantillon Effect, perceive early Bitcoin adopters as immoral. • The syndrome is characterized by cognitive dissonance, resentment, and a distorted perception of the value of Bitcoin. Definition and Causes • The nocoiner syndrome is defined as a condition where individuals actively oppose and judge Bitcoiners, often due to feelings of regret and missed opportunities. • The syndrome is rooted in the Cantillon Effect, where the injection of newly created money into an economy benefits those who receive it first, often at the expense of others. • Central bankers and individuals benefiting from the Cantillon Effect are more likely to experience the nocoiner syndrome. Effects and Treatment • The syndrome has negative effects on the economy, including wealth destruction, inflation, and the concentration of wealth among a few individuals. • The treatment of the nocoiner syndrome involves removing cognitive dissonance, understanding the role of the individual in causing economic problems, and opting out of the fiat system. • Becoming a Bitcoiner, with however small an amount, can change the skin in the game and reveal the problems of the fiat system. • Self-organized support groups, interacting with the peer-to-peer economy, and becoming a productive member of society can also be therapeutic.