RATE Group | Wendy McElroy: Crypto and the Impossibility of Knowledge in Planning
29193
post-template-default,single,single-post,postid-29193,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Wendy McElroy: Crypto and the Impossibility of Knowledge in Planning

02 Jun Wendy McElroy: Crypto and the Impossibility of Knowledge in Planning

Posted at 15:26h in Bitcoin News by

[ad_1]

Crypto and the Impossibility of Knowledge in Planning

News

The Satoshi Revolution: A Revolution of Rising Expectations
Section 3: Decentralization
Chapter 8, Part 4
Crypto and the Impossibility of Knowledge in Planning

Bitcoin…is better understood using the conceptual lens of the Catallaxy: participants in Bitcoin spontaneously form a decentralized monetary and financial ecosystem, collectively choosing Bitcoin as a medium of exchange and store of value. Bitcoin is…an irrefutable demonstration of spontaneous order in action.

—Francis Pouliot

Cryptocurrency is a perfect example of catallaxy and of a remedy for its polar opposite: central planning. The opposites are at war, of course.

The concept of “catallaxy” is similar to that of “spontaneous order,” but the latter concept can be…

[ad_2]

Article Source

Tags:
, , , , ,