Bitcoin is Hope (Part 1)
Why saving in honest money is the only way to restore hope for a fallen world.
Hope moves us forward, and our values chart the way. Money is intended to be a safe harbor for economic value—not a constant cause of stress, worry, and entrapment, as it is in the world today. A fundamentally dishonest money, fiat currency ruins our relationships with the intrinsic entropy of nature and our fellow humans. To rejuvenate hope for more harmonious human action in the world, we must set our sights upon the invaluable aims of honest money, entrepreneurship, and civilization.
Hope is the Wind
Hope is the wind which carries us forward: an attitude to act instead of despair. Most of our lives are spent navigating from “what is” to what we believe “should be,” each of us charting our way by what we perceive to be valuable. The ideal state towards which we are (hopefully) moving ever-closer is the realization of our own potential — a seemingly ever-receding horizon no matter how rich, fit, or well-liked we become. True progress is only possible by taking actions guided by clear valuations. Action is akin to a slicing scythe, which separates proverbial wheat (the valuable) from chaff (the valueless). Sometimes, we may lose hope, but we can always redeem it through action.
Spanning the everlasting gulf between “here and now” and “a better tomorrow” is a boundless ocean of spacetime. All the aims of our actions can only target other places and other times. As we sail the stormy spatiotemporal seas toward our desired destinations, we inevitably encounter unforeseen stressors, setbacks, and challenges. Pain — the inarguable basis of being — becomes acute when the consequences of our actions diverge from our aims. Hamartia—this tendency to “miss the mark” so fundamental to our sinful human nature—pervades precisely because our universe is one of entropy.
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Entropy is uncertainty, randomness, and disorder; it naturally pours forth from reality, and destroys the works of man over time (just ask any homeowner). Fortifying ourselves from the omnipresent chaos of nature within handcrafted systems of socioeconomic order, we distinguish ourselves as human by building civilizations. Yet human flourishing can exist only along a knife-edge of order and chaos. Encounters with entropy are the only way we can grow stronger, faster, and smarter — indeed, such adaptation to life’s many tribulations is our only hope of becoming better. Hormesis ensures that life improves its environmental fitness through failure, hence the old adage “what doesn’t kill you, makes you stronger.” The lessons gleaned in our contentions with chaos are structurally incorporated into manmade law and order. In Talebian terms: individual fragility is inseparable from ensemble antifragility. Adversity advances us. Absent the rough waters of life, our true competencies could never emerge, nor our civilizations thrive. As the ancient African proverb says:
“Smooth seas do not make skillful sailors.”
In modernity, the dominant institution in the world is central banking; its (ostensible) purpose is to “smooth the seas” of markets by imposing price stability and low unemployment. This misguided purpose inflicts a depravity on market participants by robbing them of the critical stressors necessary for learning and the development of competence. Cutting entrepreneurs off from the vital flows of information engendered by well-measured exposures to entropy causes price distortion, interruption of innovation, and suppression of skillfulness.
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Elevation of the human condition is achieved by breakthroughs in engineering, not the art politic. Political machinations can only divvy up the spoils generated by our ingenuity. Innovation is the unleashing of human creativity, the fruits of entrepreneurship, and the restoration of hope when formerly beneficial systems of order fail us. Experimentation in the dark laboratory of the unknown is the only way we can gain illumination. Nature is terrifying and volatile, but it is also the unexplored territory where we hunt to enrich humanity’s treasury of knowledge.
In Part 2, we will explore entrepreneurship as the “treasure hunting” of knowledge…
Thank you for reading Bitcoin is Hope (Part 1).
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