1) Is that the same as the "biotic oil" theory? If true, that would certainly be good news for mankind, but I'm skeptical - oil companies employ geologists who use the mainstream theory of formation (compacted organic matter from millions of years ago) to find where to drill, and they get pretty good results.
2) You have far more faith in the government's ability to "keep the economy working" than I do - again, a place I wouldn't mind being wrong.
3) Sorry, I wasn't explicitly advocating for cryptocurrencies by bringing this up (I was very bullish on them for a while, but now I don't think their energy requirements will let them work in the long run), instead I was saying that folks in that space have thought a lot about what makes money "money" and why fiat currencies are bad at doing that, at least in the long run, and I think most of their critique is useful, even if I no longer buy their prescription. As for whether crypto could work as a claim on future goods, that all depends on whether folks are willing to treat it that way, of course, since money's day-to-day value is largely intersubjective.
no subject
2) You have far more faith in the government's ability to "keep the economy working" than I do - again, a place I wouldn't mind being wrong.
3) Sorry, I wasn't explicitly advocating for cryptocurrencies by bringing this up (I was very bullish on them for a while, but now I don't think their energy requirements will let them work in the long run), instead I was saying that folks in that space have thought a lot about what makes money "money" and why fiat currencies are bad at doing that, at least in the long run, and I think most of their critique is useful, even if I no longer buy their prescription. As for whether crypto could work as a claim on future goods, that all depends on whether folks are willing to treat it that way, of course, since money's day-to-day value is largely intersubjective.
And thank you! Working on it now!