Tela Network

Young people in the modern world are being asked to act as heirs when they are actually tenants. They were raised on expectations of: autonomy, self-expression, mobility, romance, meaningful work, home ownership, and gradual upward movement. What they got: High housing costs, delayed family formation, wage shrinkage relative to assets, bureaucratic job markets, credential inflation, social atomization, and: an online world that floods them with stimulation and eliminates real status, real community, and real purpose. They are surrounded by immense wealth, advanced systems, and unprecedented flows of information, but they have no prospect of ever owning any of it. Without the old established pathways into meaningful levels of agency + ownership, they cannot develop into social adulthood. History suggests several different outcomes to this situation. One thing is for sure: The current setup is not a stable state and will not continue. It will change into a new state.

Q: All previous attempts to create independent digital currencies were made illegal. Why is Bitcoin still legal ? A: They didn't fail because they were made illegal. They failed because they could be made illegal. Satoshi's emphasis in the abstract of his paper is perfect. He solved the double spend problem, which was the last piece in the puzzle that neither Wei Dai nor Nick Szabo nor a teenage Peter Todd could figure out. Solving it removed the need to trust a centralised third party. Listen to Peter Todd's interview with Peter McCormack on What Bitcoin Did. Peter Todd thought the fundamental problem was limiting the issuance of new currency. But Satoshi realised the real problem was more broad - how do we make it expensive to update the ledger (which includes but is not limited to issuing new currency). He did this using proof of work as a mechanism to update the blockchain. Source: https://www.reddit.com/r/Bitcoin/comments/amzrmu/in_1998_wei_dai_came_up_with_his_ingenious_idea

Borges: What's your opinion, StJohn? StJohn Piano: If quantum computing can crack public keys, that means all modern banking systems have a really bad time. People always do the "quantum computing will be the end of Bitcoin" interpretative dance, but seem incapable of making the mental connection to the existing banking system, which also runs on cryptography. Some version of this story has been published regularly since Bitcoin began. A lot of it is clickbait: combine "quantum" and "Bitcoin" for maximum effect, with a side order of "haha Bitcoin is going to break you guys". There's definitely a scenario where quantum computing becomes a problem for Bitcoin. But focusing on Bitcoin here is remarkably shortsighted, because that scenario would be a nuclear wasteland for the rest of the financial and digital infrastructure as well.

"For the average person, all problems date to World War II; for the more informed, to World War I; for the genuine historian, to the French Revolution." "The true herdist ... is nothing but an egoist who cannot tolerate anybody differing from himself. John Doe, the identitarian, wants a nation, a world, a universe peopled by millions of John Does. He cannot sympathize nor like anybody at variance with John Doe. No wonder that his wishful dream is a humanity of John Does without God or Devil. The herdist is by necessity a /humanitarian/." "Equality presupposes the perpetual application of force; equality after all is an unnatural condition - it is just as unnatural as a completely straight line, a geometrical plain, a perfect circle, distilled water, etc. It needs the intervention of human agencies." "Liberty and equality are in essence contradictory." "The herd instinct ... is of the animalistic order, the romantic spirit is purely human, divine." - Erik von Kuehnelt-Leddihn

"The medium is the message." - Marshall McLuhan (1964), 'Understanding Media: The Extensions of Man'