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Former Valve economist speaks on Techno-Feudalism
- strgrd 5y agoIt's crazy to me that hats in Team Fortress 2 will probably be regarded as a turning point in the history of the metaverse.
- typon 5y agoInteresting that you refer to him as the "Former Valve economist" rather than the Finance Minister of Greece (or the guy who stood up to the EU)
- Proven 5y ago
- netsharc 5y agoHis book "Adults in the Room" is a great read, he basically shows how the politicians were playing politics (e.g. the Spanish finance minister admitting to him in private that what Greece wanted was reasonable, but if the (conservative) Spanish government agreed to what the Greek government wanted, the socialists in Spain would've seized that and went with it in the upcoming Spanish elections. There's even an appendix about why he/his government wasn't bluffing with a Game Theory explanation.
- unmole 5y ago> Interesting that you refer to him as the "Former Valve economist" rather than the Finance Minister of Greece He was the Finance Minister of Greece for barely 5 months. > or the guy who stood up to the EU What exactly he did acomplish, again?
- celticninja 5y agoTank man stood up to China, he may not have accomplished anything, but we remember him and what he did had value. So standing up to the EU in and of itself it plenty.
- ashwagary 5y agoIf "tank man" was Iraqi, he'd be a pancake under a US tank. In reality, what the tank driver did had value. Watching US police line up to execute unarmed people on a regular/daily basis in broad daylight helps me appreciate the restraint and respect for human life the tank drivers showed.
- gruturo 5y agowell, among other things, he had absurd yet awesome videos made about him: https://www.youtube.com/watch?v=Afl9WFGJE0M https://www.youtube.com/watch?v=Afl9WFGJE0M
- spywaregorilla 5y agoNothing about the money laundering
- tenuousemphasis 5y agoWhat money laundering?
- spywaregorilla 5y agoThe hat economy in TF2 was a popular method to launder money.
- tonis2 5y agoThis is what economist's don't tell you about.
- quadrangle 5y agoI'm sure if you mentioned it, Varoufakis would have some things to say about that (and nothing defending it). It's too bad that wasn't mentioned in this article though.
- 0xedd 5y agoGuy loves keeping people in power in power. No one thinks crypto will magically rid us of corrupt governments but if they got us by the balls with banks and trade, then we can't make a step in the right direction.
- uejfiweun 5y agoI mean honestly though, I'd rather the banks have me by the balls than some random unaccountable crypto whale I've never met have me by the balls. At least with the banks I know who to be mad at if my money gets crushed.
- CrackerNews 5y agoIs cryptocurrency free from those banks and trade? It seems like its liquidity is what gives it value in the first place, and those institutions are in firm control of where it can be liquidated. Not to mention that the old financing world has been investing in cryptocurrency too.
- quadrangle 5y agoJust to clarify, your first sentence couldn't be more wrong. Varoufakis is a Marxist-style activist who has dedicated his life to advocating for placing power in the hands of regular citizens and taking it away from those who currently have it. The utter misunderstanding is something I imagine comes from the fact that in this particular article, he's critical of the particular ways that cryptocurrency movements are shifting power. He doesn't think they are shifting it in a useful enough way and is skeptical that they really will end up shifting it much at all.