5 Comments
User's avatar
Oakthorn's avatar

Conservatives are busy stockpiling 12 gauge slugs for the Butlerian Jihad.

But, something about gold is that people just /want/ it. It's almost like it is genetically coded into us. Its beauty is a big part of that. I don't think that will ever be true of software. I have thought that some of the code I have written is pretty slick, but never beautiful.

Expand full comment
David Shane's avatar

Perhaps it is a sign that we are all utilitarians now that nobody (not Peter) made the beauty argument.

I've said this before, but there is this divide on the Right now where a subset of people are hyper-efficiency-focused, hyper-productivity-focused. They believe in making all of life "computable" and optimized just as much as any technocractic progressive, and they love AI.

Expand full comment
Oakthorn's avatar

I assert that those people are not on the Right.

Expand full comment
Arne's avatar

Regarding bitcoin clone cryptocurrencies, you do have bitcoin being valued at much more than all the other cryptocurrencies put together. How much of the interest in solana or cardano comes from people who simply don't have enough money to buy bitcoin, and see the cheaper cryptocurrencies as a chance to buy "the next bitcoin"?

Expand full comment
David Shane's avatar

Some of this is psychology. Even though they are all infinitely divisible (not really, but down to 8 decimal places anyway), so in a sense the price per unit doesn't matter, human psychology still thinks "smaller price means more upside". If you're making a new meme coin, don't sell 100 of them at $1 each, sell 10000000 at $0.000001 each, you'll get much more interested buyers.

Expand full comment