In my last post I introduced the concept of time preference and some basic human behaviours around it. I left that blog post with two questions; why has our current political and economical systems failed at lowering society’s time preference at large, and what can we do ourselves to achieve this? Why would you want … Continue reading Lowering your time preference
One important thing that separates us humans from other primates, apart from the obvious things, is that humans are able to consciously delay gratification of things. Like saving food or money for scarcer times, or investing resources for future growth. This ability is one of many important catalysts to building a successful society. In economic … Continue reading Time preference – what is it?
This is part three in my series covering topics from the book Radical Markets. Disclaimer Before jumping into this blog post, I will say that I haven’t personally made up mind fully about this particular part of Radical Markets. The concept I’m about to cover is called COST (common ownership self-assessed tax). There are some … Continue reading Rebooting liberalism – part 3: Property is monopoly
This is the next post in my series about Radical Markets. In this post I’m going to focus on coordination between communities within liberalism, and specifically how to coordinate the funding of public goods. Liberalism is failing on its own terms When liberalism was conceptualised during the Enlightenment, one of the first critiques was that … Continue reading Rebooting liberalism – part 2: Funding public goods
Liberalism, the foundation of our current political structures, was conceptualised during the Enlightenment period in the 16th century. Philosophical and academic contributions came from many people, different parts of the world, but John Locke is widely considered the “Father of Liberalism”. Fast forward to the 17th century and Capitalism started to emerge in Europe, much … Continue reading Rebooting Liberalism – part 1: Voting
Bitcoin is not an original concept, as many would like to think. In fact, Bitcoin is the result of quite a few iterations of similar ideas from the past. Ecash The first idea around electronic currency was conceived in 1982 by Davi Chaum in the form of Ecash, and implemented in 1995 under the company … Continue reading The ideas before Bitcoin
In a financial bubble… …people’s savings are losing purchase power through negative real interest rates. Simply put, printing money (inflation) with a rate of 2% and an interest rate of -0.5% someone’s savings on the bank is losing 2.5% of purchase power each year. That’s $250 of lost purchase power for someone with $10,000 in … Continue reading What does a financial bubble look like?
Criticising Bitcoin’s energy consumption is easy, because it’s obvious. It’s the easy way out of a complicated topic that has much wider implications than initially obvious. This blog post is a long-form reply to a recent Twitter thread. Bitcoin mining can happen anywhere in the world, the geographical location doesn’t matter per se. For this … Continue reading Bitcoin mining for green energy
In this last we will briefly share some random thoughts on token distribution mechanisms as part of my tokenisation series. A token distribution event is sometimes called an initial coin offering (ICO) or token generation event (TGE). In the traditional world, this can in some ways be compared to an initial public offering (IPO). After … Continue reading Tokenisation part 4 – Distribution
In the first part of this series I gave an overview of what a blockchain token is and what the difference between fungible and non-fungible tokens are. In this blog post I will talk about what different kinds purposes a token can serve. Note; I made some minor but important edits to part 1 of … Continue reading Tokenisation part 2 – Different models