MultiversX Tracker is Live!

Bitcoin and Moloch: A Bootloader, Not the End State

Bitcoin Reddit

More / Bitcoin Reddit 76 Views

Who else is familiar with the concept of Moloch? The seminal writing on this is from Scott Alexander, with "Meditations on Moloch": https://slatestarcodex.com/2014/07/30/meditations-on-moloch/

Daniel Schmachtenburger is the best deep thinker and philosopher on game theory and planetary boundaries. How do we align ourselves and our systems of interactions to not destroy ourselves?
https://www.youtube.com/watch?v=KCSsKV5F4xc&list=RQ1KnJ3U7CagvSHstHBFSNJsl6duE&t=2392s

Bitcoin is the perfect demonstration of Moloch optionalityβ€”a tool that provides individuals with immense freedom and autonomy in managing their financial assets. Its decentralized nature gives us the power to opt out of traditional systems and participate in a new, disruptive form of economic interaction. BUT, provides the most extreme example of a path to convert nature into capital.

As a Bitcoin community, we need to think bigger than just holding this as our final goal.

Moloch, the metaphor for how individual incentives can lead to collective negative outcomes, is the mythic god of greed and negative-sum game incentives.

Bitcoin is a bootloader into a better future, but it can't be the desirable end state. We must use Bitcoin as a tool to depart from the control systems of nation-states, but remember that left unchecked, the pursuit of pure capital, or future optionality (whether in fiat or BTC) can result in the Molochian nightmare: a world where unchecked incentives destroy the very nature that sustains us by each individual actor's incentives to be to maximize their own future optionality.

Thoughts? I am finding it challenging to see how we thread the needle of moving past the war-centric nation-state model into a decentralized future that doesn't devolve into sociopathic negative-sum games.

submitted by /u/Huge_Monero_Shill
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments