power cannot order wealth—new knowledge—into being
Post by twetch#22134
True, but power can reset the rules so that true wealth is not rewarded. Instead, the new game is collecting tokens they create, so new knowledge is swept into the machine because it provides leverage in the same way deposits create leverage in banking
What the chain says
- Block
- 631 752
- Time
- 2020-04-22T15:37:53Z
- Signer
- 1H22SNmXMN9fM6rj9TPquu6GTT1NdLUhnY
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#22134
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1H22SNmXMN9fM6rj9TPquu6GTT1NdLUhnY VerifiedReplies (2)
Wealth is knowledge gained from falsifiable economic experiments. The outcome is measured by money.
Inflation distorts the money measurement. Time is money, the universal scarce resource. Economic experiments with reliable measurement yield the most knowledge.