finance

It bothers me how sensitive asset prices are right now to rate cut decisions

It's more power than a single committee (or msig) should have over the economy, and in the long run it's also unsustainable

So I worry we're just kicking the can down the road without any clear plan on how to fix this

friendly neighborhood shitcaster // working on @pinetree

question becomes what is a lowest common denominator yet objectively more decentralized superordinate narrative that can replace it 

might not be here yet??

Also the ideal system should be emergent and a result of many local economies flourishing and choosing to work together

But power laws will exist and there will still be order driven by that

I don’t think it’s here yet unfortunately 

It’ll take more time for an alt system to hit critical mass (esp. if it’s decentralized since things move slower without coercion)