From 83c6b51d6640028d39fd2a706bfef23d0d140293 Mon Sep 17 00:00:00 2001 From: sdiehl Date: Fri, 18 Mar 2022 12:11:12 +0000 Subject: [PATCH] Refactor claims into subclaims, move concepts to subclaims --- concepts/bitcoin.md | 14 +------ concepts/dogecoin.md | 17 +------- concepts/dollar.md | 4 +- concepts/ethereum.md | 10 +---- concepts/gold.md | 15 +++++++ concepts/narrative-economics.md | 4 ++ guide/index.md | 73 ++++++++++++++++++++++----------- 7 files changed, 75 insertions(+), 62 deletions(-) create mode 100644 concepts/gold.md diff --git a/concepts/bitcoin.md b/concepts/bitcoin.md index 1629f92..6295681 100644 --- a/concepts/bitcoin.md +++ b/concepts/bitcoin.md @@ -1,5 +1,5 @@ # Bitcoin -Bitcoin is the first [crypto asset](cryptoasset.md) investment. Used as a vehicle for [speculation](speculation.md) and [gambling](gambling.md). +Bitcoin is the first [crypto asset](cryptoasset.md) investment developed in 2008 by Satoshi Nakamoto. ## Properties @@ -23,8 +23,6 @@ Bitcoin has a [terminal-value](terminal-value.md) of zero. Bitcoin is a [greater fool theory](greater-fool-theory.md) asset. -Bitcoin is a form of [gambling](gambling.md). - Bitcoin is a [non-productive](productive-asset.md) investment. Bitcoin has a negative [expected return](expected-return.md). @@ -33,12 +31,4 @@ Bitcoin is a [security](security.md). Bitcoin is allegedly a [sound money](sound-money.md) in the [Austrian economics](ideologies/austrian-economics.md) school of thought. -Bitcoin is a [bubble](bubble.md). - -Bitcoin investing is a [negative-sum game](zero-sum-game.md). - -Bitcoin has a [narrative economics](../claims/narrative-economics.md) based on [libertarianism](ideologies/libertarianism.md), [regulatory arbitrage](regulatory-arbitrage.md) and aspirations of [private money](private-money.md). - -Bitcoin shares a payout structure similar to a [Ponzi scheme](ponzi-scheme.md). - -Bitcoin is based on an energy intensive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). \ No newline at end of file +Bitcoin is based on [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). \ No newline at end of file diff --git a/concepts/dogecoin.md b/concepts/dogecoin.md index 2ff09e1..47cc09e 100644 --- a/concepts/dogecoin.md +++ b/concepts/dogecoin.md @@ -1,10 +1,7 @@ # Dogecoin - A [memecoin](memecoin.md) [cryptoasset](cryptoasset.md) based on a joke about the Shibu variety of dogs. -Dogecoin is an example of a crypto asset with no political imaginaries, no [currency](currency.md) narrative, no pretense of [use-value](use-value.md), no [fundamental-value](fundamental-value.md), and no narrative economics whatsoever. it is a pure manifestation of the [greater-fool-theory](greater-fool-theory.md) with an investment thesis rooted purely in financial nihilism. - -Dogecoin is part of a larger class of nihilistic investments based around a collective dog theme. +Dogecoin is part of a larger class of investments based around a collective dog theme. ## Properties @@ -34,14 +31,4 @@ Dogecoin is a [non-productive](productive-asset.md) investment. Dogecoin has a negative [expected return](expected-return.md). -Dogecoin is a [security](security.md). - -Dogecoin is a [bubble](bubble.md). - -Dogecoin investing is a [zero-sum game](zero-sum-game.md). - -Dogecoin has a [narrative economics](../claims/narrative-economics.md) based on [financial-nihilism](ideologies/financial-nihilism.md) - -Dogecoin shares a payout structure similar to a [Ponzi scheme](ponzi-scheme.md). - -Dogecoin is based on an energy intensive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). \ No newline at end of file +Dogecoin is based on the [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). \ No newline at end of file diff --git a/concepts/dollar.md b/concepts/dollar.md index 55a98b9..d531429 100644 --- a/concepts/dollar.md +++ b/concepts/dollar.md @@ -1,5 +1,5 @@ # US Dollar -The US dollar +The US dollar is the currency of the United States and acts as a [reserve currency](reserve-currency.md) for international commerce. ## Properties The dollar is a [currency](currency.md). @@ -24,4 +24,4 @@ The dollar is a [non-productive](productive-asset.md) investment. The dollar is not a [security](security.md). -The dollar is issued by a [central-banks](central-banks.md). \ No newline at end of file +The dollar is issued by a [central banks](central-banks.md). \ No newline at end of file diff --git a/concepts/ethereum.md b/concepts/ethereum.md index 2e29d09..b749994 100644 --- a/concepts/ethereum.md +++ b/concepts/ethereum.md @@ -23,20 +23,12 @@ Ethereum has a [terminal-value](terminal-value.md) of zero. Ethereum is a [greater-fool theory](greater-fool-theory.md) asset. -Ethereum is a form of [gambling](gambling.md). - Ethereum is a [non-productive](productive-asset.md) investment. Ethereum has a negative [expected return](expected-return.md). Ethereum is a [security](security.md). -Ethereum is a [bubble](bubble.md). - -Ethereum investing is a [negative-sum game](zero-sum-game.md). - Ethereum has a [narrative economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations of [private-money](private-money.md). -Ethereum shares a payout structure similar to a [Ponzi scheme](ponzi-scheme.md). - -Ethereum is based on an energy intensive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). \ No newline at end of file +Ethereum is based on the [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md). \ No newline at end of file diff --git a/concepts/gold.md b/concepts/gold.md new file mode 100644 index 0000000..9a856ff --- /dev/null +++ b/concepts/gold.md @@ -0,0 +1,15 @@ +# Gold +Gold is a precious metal sometimes used as investment and historically as coinage for [currency](currency.md). + +## Properties +Gold is not a [currency](currency.md). + +Gold is a [speculative](speculation.md) investment. + +Gold has no [fundamental value](fundamental-value.md). + +Gold has [use value](use-value.md) in jewellery and electronics. + +Gold has no [income-cashflows](income-cashflows.md). + +Gold is a [non-productive](productive-asset.md) investment. \ No newline at end of file diff --git a/concepts/narrative-economics.md b/concepts/narrative-economics.md index dc5e491..d355f7d 100644 --- a/concepts/narrative-economics.md +++ b/concepts/narrative-economics.md @@ -1,2 +1,6 @@ # Narrative Economics +Ethereum has a [narrative economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory arbitrage](regulatory-arbitrage.md) and aspirations of [private money](private-money.md). +Bitcoin has a [narrative economics](../claims/narrative-economics.md) based on [libertarianism](ideologies/libertarianism.md), [regulatory arbitrage](regulatory-arbitrage.md) and aspirations of [private money](private-money.md). + +Dogecoin is an example of a crypto asset with no political imaginaries, no [currency](currency.md) narrative, no pretense of [use value](use-value.md), no [fundamental value](fundamental-value.md), and no narrative economics whatsoever. it is a pure manifestation of the [greater fool theory](greater-fool-theory.md) with an investment thesis rooted purely in [financial nihilism](ideologies/financial-nihilism.md). \ No newline at end of file diff --git a/guide/index.md b/guide/index.md index 6dd10ed..ba3d770 100644 --- a/guide/index.md +++ b/guide/index.md @@ -30,34 +30,55 @@ Understand the terminology used to describe crypto and web3. * [Regulatory arbitrage](../concepts/regulatory-arbitrage.md) * [Central bank digital currency](../concepts/cbdc.md) +*** + ### Claims Explore crypto and "web3" in terms of the claims made about it. -1. [Is bitcoin a currency?](/claims/is-bitcoin-currency.md) -2. [What type of asset is a crypto token?](/claims/what-type-of-asset.md) -3. [How do we value a crypto token?](/claims/valuation-model.md) -4. [Are crypto assets a systemic risk to the economy?](../claims/systemic-risk.md) -5. [Are crypto tokens a negative-sum investment?](/claims/negative-sum.md) -6. [Are crypto tokens a predatory investment?](../claims/predatory-investments.md) -7. [Is bitcoin the basis for a new gold standard?](../claims/digital-gold.md) -8. [Is bitcoin mining harmful to the environment?](../claims/environmental-footprint.md) -9. [Are crypto assets a risk to the dollar?](../claims/threaten-dollar.md) -10. [Are crypto assets legal?](/claims/legality.md) -11. [Is crypto a solution for the unbanked?](/claims/crypto-unbanked.md) -12. [What is the narrative economics of crypto assets?](../claims/narrative-economics.md) -13. [Is web3 the next generation of the internet?](../claims/new-internet.md) -14. [Is web3 even a well-defined term?](../claims/well-defined.md) -15. [Why does crypto have such a weird subculture?](/claims/weird-culture.md) -16. [Is web3 decentralized?](../claims/crypto-decentralized.md) -17. Is web3 green? -18. Why do people invest in crypto tokens? -19. [Are crypto tokens a means to counter authoritarianism?](../claims/authoritarianism.md) -20. Are crypto tokens a means to accelerate the collapse of capitalism? -21. [Are crypto assets a bubble?](../claims/is-bubble.md) -22. Is web3 a means to dismantle the American tech hegemony? -23. Is crypto bringing about the "financialization of everything"? -24. Is crypto providing faster payment rails or better remittance services? +**Better Economy** + +* [Is bitcoin a currency?](/claims/is-bitcoin-currency.md) +* [Are crypto assets a risk to the dollar?](../claims/threaten-dollar.md) +* [What type of asset is a crypto token?](/claims/what-type-of-asset.md) +* [How do we value a crypto token?](/claims/valuation-model.md) +* [Are crypto assets a systemic risk to the economy?](../claims/systemic-risk.md) +* [Is bitcoin the basis for a new gold standard?](../claims/digital-gold.md) +* [Are crypto assets a bubble?](../claims/is-bubble.md) + +**Financial Inclusion** + +* [Is crypto a solution for the unbanked?](/claims/crypto-unbanked.md) +* [Are crypto assets legal?](/claims/legality.md) +* [Are crypto tokens a predatory investment?](../claims/predatory-investments.md) +* [Are crypto tokens a negative-sum investment?](/claims/negative-sum.md) +* Why do people invest in crypto tokens? +* Is crypto providing faster payment rails or better remittance services? +* [Why does crypto have such a weird subculture?](/claims/weird-culture.md) + +**Solving Public Goods Problems** + +* [Is bitcoin mining harmful to the environment?](../claims/environmental-footprint.md) +* Is crypto bringing about the "financialization of everything"? + +**Financial Innovation** + +* [Is web3 even a well-defined term?](../claims/well-defined.md) +* Is web3 green? +* [Is web3 decentralized?](../claims/crypto-decentralized.md) +* [Is web3 the next generation of the internet?](../claims/new-internet.md) + +**Creative Destruction** + +* Is web3 a means to dismantle the American tech hegemony? +* Are crypto tokens a means to accelerate the collapse of capitalism? + +**International Politics** + +* [What is the narrative economics of crypto assets?](../claims/narrative-economics.md) +* [Are crypto tokens a means to counter authoritarianism?](../claims/authoritarianism.md) + +*** ## Contextual @@ -66,6 +87,8 @@ Understand crypto and "web3" in terms of recent news events and interviews. * [Video Interviews](/guide/interviews) * [Recent News Stories](/notes/recent-events.md) +*** + ## Ideologies Explore crypto and "web3" in terms of different perspectives on politics and economics. @@ -82,6 +105,8 @@ Explore crypto and "web3" in terms of different perspectives on politics and eco * [Accelerationism](../concepts/ideologies/accelerationism.md) * [Cryptoanarchism](../concepts/ideologies/cryptoanarchism.md) +*** + ## Supporting Concepts Understand the deeper theoretical concepts behind the technical and economic claims.