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relentlessly improving digital technology and lazy ideals
Liars have to have the best memories. It’s more work to keep two sets of books than one set of books.
If you want to make money on the internet own the most meta server
The most egregious modern liars not only need computers, they can be inspired by them.
“If you want to make money in gambling, own a casino.”
What to remember to forget, the central questions
Any information technology, from the most ancient money to the latest cloud computing, is based fundamentally on design judgments about what to remember and what to forget.
popular ideas about wealth creation can veer toward paranoia when it comes to wealth creation.
Is this just poor editing?
It is remarkable that opponents hold such similar opinions.
Wealth creation, in the terms of information science,
aligning the ...
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with the concrete benefits we can pote...
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memorialization of behavioral intent.
an account of the future as we plan it rather than the present as we measure it.
balance planning agains...
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What an interesting compromise we’ve come up with, allowing both freedom and planning!
By making an abstract version of the essence of a promise (such as to repay a loan), we minimize the degree to which we have to otherwise conform to the expectations of one another.
tool to abstract th...
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allowing us to accept each other only to the minimum necessary degree needed to k...
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you have made a promise to earn it somehow in the future.
the venom seems directed at basic principles that deserve to be understood in a better light.
Ordinary people can help create new money by making promises. You constrain the future by making a plan,
in making that promise you have c...
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When borrowers do something other than promised, those assets no longer exist.
unique laws and local phenomena.
Growth is merely honest if the goodwill of ordinary people is to be acknowledged instead of forgotten.
proper, as people get better at doing things in ways that are acknowledged to be good for one
The gold herring?
Underestimating future possibility
If all the value that can be already is,
about churn, conflict, and accumulation.
comes from the ability of ordinary people to keep promises.
The psychology of money hasn’t kept up with the utility of money.
The amount of gold recovered from the earth thus far would fill only a little more than three Olympic swimming pools.
the idea that there must be a hard limit to the amount of money in the world also drives most Silicon Valley–styled schemes to create new forms of money, like Bitcoin.
were to run on a gold standard, then that stash would have to function as the memory of the global computer
a way of saying the future holds nothing of surprising value.
Money is only valuable as interpreted by people,
absolute value of money is meaningless,
the information content...
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Counting what we might value in the future using only the bits already counted in the past undervalues what m...
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the future has consistently proven
transformation of money into an abstract representation of the future
“finance”) began about four hundr...
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the future became impossible not to
optimistic new kind of memory
a promise belongs to someone in particular or it is nothing.
symptoms of a fallacious hope that information technology can make promises on its own, without people.
Ad Hoc Construction of Mass Dignity
Chapter. Adhoc dignity of the middle class
it is natural to ask why more people could not benefit from modernity sooner.
inevitably inspires demands for greater benefits than it has delivered at a given time.
