Se preguntaban el otro día por la casa del liberalismo castellano si el Bitcoin es irremediablemente volátil. Entre líneas subyacía ni más ni menos que la pregunta del millón (de Satoshis): ¿será el Bitcoin Dinero algún día?
…We started out with the image of time that is familiar to us: something that flows uniformly and equally throughout the universe, in the course of which all things happen. With the idea that there exists throughout the cosmos a present, a “now” that constitutes reality. The past for everyone is fixed, is gone, having already happened. The future is open, yet to be determined. Reality flows from the past, through the present, toward the future—and the evolution of things between past and future is intrinsically asymmetrical. This, we thought, is the basic structure of the world.
…Ferguson declares above all, in line with a power-makes-for-plenty theory, that the apps permitted after 1500 a few European countries “to dominate the Rest [of the world].” Note the year, claiming four and a half centuries of “domination.”
«…In the world of fiat money, having access to the central bank’s monetary spigots is more important than serving customers. Firms that can get low-interest-rate credit to operate will have a persistent advantage over competitors that cannot. The criteria for success in the market becomes more and more related to being able to secure funding at lower interest rates than to providing services to society»
Unequal access to income and wealth preceded the formation of the state and contributed to its development. Yet once established, governmental institutions in turn exacerbated existing inequalities and created new ones. Premodern states generated unprecedented opportunities for the accumulation and concentration of material resources in the hands of the few, both by providing a measure of protection for commercial activity and by opening up new sources of personal gain for those most closely associated with the exercise of political power.