so much ground in this ep, that we split it into two parts.
In part one we cover:
  • Nodes. What they are, why they’re important and how they manifest our will onto the Bitcoin Network.
  • “Perpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency.”
  • This is clearly how Bitcoin & nodes seem to have manifested his quote, but what do you think he envisioned when he said this?
  • What is the Malthusian Trap?
  • How did we solve for it?
  • The productivity theory of wages, and how Marxists in general get child labour so wrong.
  • Why real progress requires capital accumulation, technological advancement & public ideology
  • “There was never enough slaves to create an iPhone for the Pharaoh.”
  • Time preference
  • Why is the “evenly rotating economy” always going to be hypothetical ?
  • Why there will always be a necessity for Money
  • The state & public support
  • How money & banking help support a “good opinion” of the state (and at the very least the assumption that it’s a ’necessary evil’)
Follow Michael @BitStein Check out NakamotoInstitute.org
See also another post, found here on SN, with the corresponding article:
Toward a Node World Order | The Bitcoin Times #99611 https://bitcointimes.com.au/toward-a-node-world-order

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