Re:Woman holds up Lebanese bank for $13k of her own money
by NikolaNovak on Wednesday September 14, 2022 @09:20AM
(#32836777)
>>money not controlled by violence, but by math
Can you please elaborate? :)
My initial reaction is a massive groan at the seamlessly meaningless platitude, but that's unfair. Maybe you were in a rush, on the phone, and there's a cogent argument that I'd be eager to hear out.
Edit: To elaborate: both "Controlled by violence" and "Controlled by math" I view as summarized and abstracted way beyond point of sheer uselessness; and only used to propagate a particular point of view. That point of view may be accurate or not, I may agree with it or not, but it does not include useful data or conduct a honest discussion. There's a lot of math involved in fiat money from central banks. There's nothing in crypto that may prevent or shield from violence. Individuals certainly earn money/wealth/value in certain way and their storage medium of choice cannot be summarized in such simple ways. And "Controlled by math" is massively misleading - at best, at best, we can say it has some origins in math. But it certainly is not controlled by math - it is ultimately controlled by people and institutions.
Can you please elaborate? :)
My initial reaction is a massive groan at the seamlessly meaningless platitude, but that's unfair. Maybe you were in a rush, on the phone, and there's a cogent argument that I'd be eager to hear out.
Edit: To elaborate: both "Controlled by violence" and "Controlled by math" I view as summarized and abstracted way beyond point of sheer uselessness; and only used to propagate a particular point of view. That point of view may be accurate or not, I may agree with it or not, but it does not include useful data or conduct a honest discussion. There's a lot of math involved in fiat money from central banks. There's nothing in crypto that may prevent or shield from violence. Individuals certainly earn money/wealth/value in certain way and their storage medium of choice cannot be summarized in such simple ways. And "Controlled by math" is massively misleading - at best, at best, we can say it has some origins in math. But it certainly is not controlled by math - it is ultimately controlled by people and institutions.