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List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , Reply-To: Attila Lendvai Cc: guix-devel@gnu.org Errors-To: guix-devel-bounces+larch=yhetil.org@gnu.org Sender: "Guix-devel" X-Migadu-Flow: FLOW_IN X-Migadu-Country: US ARC-Message-Signature: i=1; a=rsa-sha256; c=relaxed/relaxed; d=yhetil.org; s=key1; t=1645484602; h=from:from:sender:sender:reply-to:reply-to:subject:subject:date:date: message-id:message-id:to:to:cc:cc:mime-version:mime-version: content-type:content-type: content-transfer-encoding:content-transfer-encoding: in-reply-to:in-reply-to:references:references:list-id:list-help: list-unsubscribe:list-subscribe:list-post:dkim-signature; bh=VIZDhF0qqgNSOjY7YWBlntE15ZATgNREBlVIzqAj9aY=; b=Y1lCqxa5XNwr7hsHr0U81N6w2zOZihdin4MvMfNhJSbqIhZWbXRKIc+xUPZ7si1hi0tDKE nSgEBLknMDXEQbiHesO0hx3NVKF3ZrJL30mexaxsdpkp7dpYVuHCvErHjC/pH2U80vO/KF Xk4x17UXMhTiQ9NQaTwUMPX8Jz+GNuBNYU0kmtXqfxpNen0PNamTmF4Lydnii3ARdiUSTR uKcW94OKfqRJv+cFj1moPZIXMUMWNuWArtZFHwRztHP9YWz2nBfjVjAVNPr8JYc1Lbxqae lCuQ2qINfeUj6vx+F8M+CaDCiec8flhA9cmrdJf2cKIkYUZ0Gg7iUsfxinbfKg== ARC-Seal: i=1; s=key1; d=yhetil.org; t=1645484602; a=rsa-sha256; cv=none; b=Q0lREOfoR7Yw/yy8qYHdFTHxK0yFiFgfeGKOcP5uie7SG/mCR+yi8X44bz3+3Bv6jdFiYa MB0Ni44K1IDystIx3qZq3GsactxLtl83pOVBRqWt+v13mexRxyUSJviUOkSXEMZzKr8Td3 J7/SGLy0hi30cKW9b0VwaJmXgC5/mBgcn5P1hvRizMXaHsm4cfLaPxF3qO7HE0JlfffcRu sDAq4LvQp6OSCaf+7jPr/eDOJgGKGI5HVjL4L2Sv3i/fXVj2zn5AfBNPEcgyKLAChTWO75 mL+Nnnqh1ieM8n2Eq5yvmzqSGFe0N1VuI7b7Tpr/6zAM1LSFZUFZCytuGJ5z4g== ARC-Authentication-Results: i=1; aspmx1.migadu.com; dkim=fail ("headers rsa verify failed") header.d=lendvai.name header.s=protonmail3 header.b=l4wJDLg4; dmarc=none; spf=pass (aspmx1.migadu.com: domain of "guix-devel-bounces+larch=yhetil.org@gnu.org" designates 209.51.188.17 as permitted sender) smtp.mailfrom="guix-devel-bounces+larch=yhetil.org@gnu.org" X-Migadu-Spam-Score: -1.93 Authentication-Results: aspmx1.migadu.com; dkim=fail ("headers rsa verify failed") header.d=lendvai.name header.s=protonmail3 header.b=l4wJDLg4; dmarc=none; spf=pass (aspmx1.migadu.com: domain of "guix-devel-bounces+larch=yhetil.org@gnu.org" designates 209.51.188.17 as permitted sender) smtp.mailfrom="guix-devel-bounces+larch=yhetil.org@gnu.org" X-Migadu-Queue-Id: 679D51FE51 X-Spam-Score: -1.93 X-Migadu-Scanner: scn0.migadu.com X-TUID: odzV6DZ33AKx > Here PetroDollar =3D US dollar and FED=3DUS Federal Government? FED =3D Federal Reserve, the (private) central bank that issues the US Doll= ar for about a century now. interesting tidbit: originally 'a US Dollar' me= ant a specific amount of silver. and the 'petrodollar' is a unique keyword that you can chose to research. i= t's way offtopic here, but very briefly: if you want to issue more fiat mon= ey, *and* you also want to avoid it going worthless in short term, then you= need to arrange for a proportional demand for your new tokens. one important pillar of that demand can come from making sure that most of = the energy trade is settled in USD, and as a consequence of that, most of t= he large economic players will want to hold USD as reserves to cover their = expected energy consumption. this can be an enormous driver of demand for U= SD (for a while). it's also worth mentioning here that blocking your accoun= t at the FED means getting cut off from most of the energy suppliers/consum= ers who cannot dare to risk a visit from the US military. this model nicely explains most of the US wars in the last few decades, and= many, otherwise hard to explain political phenomena (e.g. US - Saudi Arabi= a relations). --- the monetary system is what facilitates cooperation among strangers, i.e. a= mong a group of humans larger than the Dunbar's number (about 150 people). = sound money is a kind of decentralized, anonymous reputation system (that c= an only track positive reputation, and the tokens serve as the proof). its = primary role is to lock out non-cooperating agents from the fruits of coope= ration. cooperation -> specialization -> efficient agents -> wealthy society. IOW, the monetary system fundamentally influences what our everyday existen= ce looks like. and the more anomalies there are in the rules governing the = acquisition of the tokens (e.g. someone is allowed to print it while others= must work for it), the more twisted society will become. i have plenty more to say, but i doubt there's general interest in having t= his discussion on guix-devel. i hope though, that i managed to incite some = curiosity, because this topic has much more depth than you seem to be aware= of, and blockchains/Bitcoin are only one piece of this puzzle. essentially, it's a new battlefront between centralized command and decentr= alized consensus; between coercive hierarchies and voluntary networks. -- =E2=80=A2 attila lendvai =E2=80=A2 PGP: 963F 5D5F 45C7 DFCD 0A39 -- =E2=80=9CThose who love peace must learn to organize as effectively as thos= e who love war.=E2=80=9D =09=E2=80=94 Martin Luther King, Jr. (1929=E2=80=931968, assassinated)