twitter xp
negative externalities of markets are almost always due to insufficient degrees of freedom within the system, forcing transactions out of the formal economic space into the informal dark economy, which, lacking as it is the requisite control mechanisms, leads to unfair outcomes
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RT @PrinceVogel
Tipping on all internet comments. Tipping controlled by EEG systems at the speed of thought. Escalatory tip battles between friends. Total l…
https://twitter.com/PrinceVogel/status/1648809085515464704
twitter xp
the OP is exactly right in that the problem with tipping is that it does not go sufficiently far; maximally extending the markets reach, enabling ubiquitous automatic transparent microtransactions, can and would remedy so much of the world's dysfunction
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RT @pee_zombie
finance is unsavory only when it's visible; everyone knows its uncouth to talk too much about money. just like the plumbing, it should quietly work in the background …
https://twitter.com/pee_zombie/status/1627799875294228486
twitter xp
money is the material of which a market is made, a substance whose sole function is to be a unitless energy carrier; money transmits forces applied to one side of a market to the other, an economic medium
it can only transmit so far as the market extends
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RT @pee_zombie
money is the secret sauce that enables this decentralized capability; it is the medium thru which information flows, the luminous aether of the economy
a fungible …
https://twitter.com/pee_zombie/status/1496160823181516808