Chapter
Pathologizing Profit, Interest, and Digital Issuance
1:54:01 - 2:01:11 (07:10)
The communist, Christian fundamentalist, and maximalist ideologies all view different aspects of finance as problematic: profit, interest, and digital issuance, respectively. However, maximalists are still comfortable with the issuance of paper equity, such as in startup markets.
Clips
The maximalist ideology is the opposite of communism where they are economically obsessed and often blame the state for everything.
1:54:01 - 1:58:09 (04:08)
Summary
The maximalist ideology is the opposite of communism where they are economically obsessed and often blame the state for everything. They also pathologize digital issuance and view profit as something that is getting one over on somebody.
ChapterPathologizing Profit, Interest, and Digital Issuance
Episode#606: Balaji S. Srinivasan — 5-10-Year Predictions, How to Start a New Country, Society-as-a-Service (SaaS), Bitcoin Maximalism, Memetic Warfare, How Prices Are Born, Moral Flippenings, The One Commandment, and The Power of Missionary over Mercenary
PodcastThe Tim Ferriss Show
Banning interest in the economy can break it as it's a valid concept that can be abused, but illegal actions such as usury need to be avoided.
1:58:09 - 1:59:38 (01:28)
Summary
Banning interest in the economy can break it as it's a valid concept that can be abused, but illegal actions such as usury need to be avoided.
ChapterPathologizing Profit, Interest, and Digital Issuance
Episode#606: Balaji S. Srinivasan — 5-10-Year Predictions, How to Start a New Country, Society-as-a-Service (SaaS), Bitcoin Maximalism, Memetic Warfare, How Prices Are Born, Moral Flippenings, The One Commandment, and The Power of Missionary over Mercenary
PodcastThe Tim Ferriss Show
The concept of equity and stocks is being questioned in the digital world, where more importance is placed on the digital issuance and future dividends that can be received.
1:59:38 - 2:01:11 (01:33)
Summary
The concept of equity and stocks is being questioned in the digital world, where more importance is placed on the digital issuance and future dividends that can be received. Startup equity market is being discredited in this sense.