Bitcoin Is Venice: Bitcoin Will Make Us Think Long Term, Whether We Want To Or Not

Get the full book now in Bitcoin Magazines store.This short article is part of a series of adjusted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is readily available for purchase on Bitcoin Magazines store now.You can discover the other articles in the series here. Many of us in industrialized countries are no longer as directly dependent on excellent weather condition, we are still vulnerable to the slowly accumulating effects of soil deterioration that set the phase for the decline of once-great societies as populations grew to surpass the productive capacity of floodplains and farming spread to the surrounding slopes, initiating cycles of soil mining that undermined civilization after civilization. Bitcoin will make us believe long-term, whether we want to or not. Liberals will likely have a hard time with the unprecedented degree to which Bitcoin weakens state authority, and conservatives will likely have a hard time with the equally unprecedented degree to which Bitcoin drives rapid change in social relations.We say neither from a position of political preference. We may easily and naturally adopt Postrels rhetoric to state, Bitcoin is the future, and it will make opponents of all political stripes.The thesis underlying the facetiously-presented claim simply above is more or less that the fiat monetary system encourages synthetic bigness of all kinds– all manner of toxic bloat that would not be sustainable if not likewise safeguarded from legitimate feedback or internalization of true expenses.

Get the full book now in Bitcoin Magazines store.This short article is part of a series of adjusted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is offered for purchase on Bitcoin Magazines store now.You can find the other articles in the series here. Most of us in industrialized countries are no longer as directly dependent on good weather, we are still susceptible to the slowly accumulating results of soil degradation that set the stage for the decline of once-great societies as populations grew to go beyond the productive capability of floodplains and agriculture spread to the surrounding slopes, initiating cycles of soil mining that undermined civilization after civilization. Liberals will likely have a hard time with the extraordinary extent to which Bitcoin undermines state authority, and conservatives will likely struggle with the similarly unprecedented level to which Bitcoin drives quick change in social relations.We say neither from a position of political choice.

Other Questions People Ask

What does Bitcoin Is Venice suggest about long-term thinking in society?

Bitcoin Is Venice emphasizes that Bitcoin compels individuals and societies to adopt a long-term perspective, regardless of their initial inclinations. The authors argue that the fiat monetary system fosters short-term thinking and unsustainable growth, while Bitcoin encourages a more sustainable approach to economic interactions. This shift in mindset is crucial as it aligns with the historical lessons of societal decline due to neglect of long-term consequences.

How does Bitcoin challenge traditional political ideologies according to Bitcoin Is Venice?

In Bitcoin Is Venice, the authors highlight that Bitcoin disrupts both liberal and conservative political frameworks by undermining state authority and accelerating social change. Liberals may struggle with the reduction of governmental control, while conservatives might find the rapid transformation of social relations unsettling. This dual challenge illustrates how Bitcoin transcends political boundaries, prompting a reevaluation of established beliefs and practices.

What historical lessons does Bitcoin Is Venice draw from past civilizations?

The authors of Bitcoin Is Venice reference the decline of great societies due to soil degradation and unsustainable agricultural practices as a cautionary tale. They argue that just as these civilizations faced consequences for ignoring long-term sustainability, modern societies must heed similar warnings in the context of economic systems. Bitcoin serves as a tool to foster awareness and responsibility towards long-term impacts, encouraging a more thoughtful approach to resource management.

Why is Bitcoin considered a solution to the issues created by fiat currency in Bitcoin Is Venice?

Bitcoin Is Venice posits that the fiat monetary system promotes synthetic bigness and toxic bloat, which are unsustainable without genuine feedback mechanisms. By contrast, Bitcoin's decentralized nature encourages accountability and transparency, forcing individuals and institutions to internalize true costs. This shift not only mitigates the risks associated with fiat currency but also fosters a culture of long-term thinking essential for societal progress.

How does Bitcoin Is Venice relate to the concept of societal resilience?

In Bitcoin Is Venice, resilience is framed as the ability to adapt and thrive despite external pressures, much like historical societies that failed due to environmental neglect. The authors argue that Bitcoin enhances societal resilience by promoting long-term planning and sustainable practices. By encouraging individuals to think beyond immediate gains, Bitcoin helps build a foundation for enduring prosperity and stability in an ever-changing world.