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ThickAsThieves: next youre gonna tell me that bitcoinpete isnt stoned-mp-blog-mode
ThickAsThieves: Founder of Ripple is announcing he is dumping his XRP. Ripple crashes 35% and still falling.
ThickAsThieves: and thus some definitions of properties of economies, with some epectation of each property's effect on a design
ThickAsThieves: maybe there is some distinction between properties of an economy, properties of human influence, and each acting as separate friction to the economy's lifespan
ThickAsThieves: and then this transfers into designs of systems, complex problem-solving, computer modeling
ThickAsThieves: so maybe there are ideal or dynamic or codependent or viral economies
ThickAsThieves: a game of life kind of thing with economies as organisms or whatever
ThickAsThieves: what i'm working on, includes a suggestion that there are multiple types of economies, each with roles/strengths
ThickAsThieves: can you illustrate it in contrast to the physics point?
ThickAsThieves: i dont think an economy can be perfect, because all ecomonies must die eventually
ThickAsThieves: well, I see weaknesses in that it contains itself within each of its requires elements, and that there is aguably a lack of distinction between the punishment gazette and the forum
ThickAsThieves: right, so it's basically trying to understand how physics echoes into economies
ThickAsThieves: it probably all boils down to something super simple, like a basic physics concept
ThickAsThieves: this began a common thread through other observations about bitcoin and systems
ThickAsThieves: and maybe just scratching the surface of something more applicable
ThickAsThieves: basically, since that day i was trying to prove that mp
ThickAsThieves: i line a repeated a few times at the bitcoin conference: "You can't remove trust from transactions, you can only design it to be where you prefer it"
ThickAsThieves: i'm trying to approach it to extract more absolute observations
ThickAsThieves: someone else had mentioned Antifragile to me for some other reason
ThickAsThieves: i want to make sure i'm not inventing ideas someone else has already
ThickAsThieves: yes problem-solving is great category for what i'm aimibng for
ThickAsThieves: basically theorizing about how all these things interact and how to best design them, thinking of decenttalization and centralization as order and chaos, as tools, not problems
ThickAsThieves: asciilifeform, i've been trying to write up some thoughts on abstract system design concepts, stuff in the area of mircea's perfect economy, systematics? dynamism, resilience, co-dependency, etc. Do you have any suggested reading?
ThickAsThieves: the logic and design of bitcoin may be elegant, but it must still live through the filter of everything else
ThickAsThieves: having a large proportion of the money isnt a problem per se
ThickAsThieves: they may all have similar weaknesses, but not all die the same detah
ThickAsThieves: I think people like to forget that bitcoin has plenty risks to its life
ThickAsThieves: <+asciilifeform> ThickAsThieves: if ECDSA pops, afaik all known coins go with it /// lotsa ways to kill a coin
ThickAsThieves: we need altcoins so we know where to go when bitcoin dies
ThickAsThieves: yes, i was on AM board, but that's falling a bit out of the context I was mentioned in
ThickAsThieves: with curating not looking all that enticing in the short-term
ThickAsThieves: well it's hard for an alt exchange, you either want to curate or support as many as possible
ThickAsThieves: <+thestringpuller> ThickAsThieves was a great mining representative but he exited the mining space. /// I dont think I ever represented mining in any broad way. Never sold or represented any hardware or tech.