“If I was late and you were before me, you had some sort of information that turned into knowledge, that is then acted upon through wisdom, and I don't have that.”
Three kinds of knowledge
“From the dawn of the universe until now, the vast majority of constraint and building and order generation has not been explanatory knowledge. It's been structural knowledge: the forming of stars, the interaction of matter, the physical laws. All of that then led the opportunity for replicative knowledge to be generated, through evolution, where every single iteration along an evolutionary path has to be strong enough to survive.”
The listening path
- 176
The Coordination Tax
Early Bitcoin wealth went to people strange enough to question money itself and willing to burn social credibility, whatever their credentials. That competence inversion…
- 181
Fermi’s Folly
Information theory, constraint quality and the Bitcoin thesis reframe Fermi's Paradox for an age of synthetic abundance.
- 190
Time
A holder who loses their keys or takes them to the grave appears to give up purchasing power. In a strict physical sense they give up time, and the chronometric identity…
- 194
States that Travel
Being early and being wrong are the same position, and the original Bitcoin thesis, the one that expected people to figure it out quickly, was 90 percent wrong. Out of…
- 196
What Wealth Is
Most people misjudge Bitcoin because they have never been given a working definition of wealth. David Deutsch's is the set of transformations you could perform without…