Do you even know what economics is? Economics does not end …

Bitcoin Dictionary ·

Do you even know what economics is?
Economics does not end because somebody invents a token.
Economics is the study of scarcity, incentives, production, exchange, capital allocation, information, risk, and human choice. It has survived kingdoms, empires, banking systems, stock markets, railroads, telegraphs, the internet, and every other revolutionary technology that arrived with a press release promising to replace reality.
Yet somehow we're supposed to believe that economics itself is ending because a database got a new marketing department.
For fuck's sake.
"Crypto is the endgame of old-fashioned economics."
No. Crypto is an application of economics.
Just as railways did not abolish physics, crypto does not abolish economics.
And what is this mystical nonsense about moving beyond possession and control?
The second somebody acquires a token, they possess it.
The second they exclude others from it, they control it.
Congratulations. You've reinvented property while claiming to transcend it.
The whole thing reads like someone swallowed three self-help books, two TED talks, and a pamphlet on digital assets, then tried to write a manifesto while staring into a lava lamp.
Economics is not ending.
People are just renaming things they don't understand and calling it progress.
The laws of incentives do not care about your costume changes.
Written by S. Tominaga