<oembed><type>rich</type><version>1.0</version><title>a source familiar with the matter wrote</title><author_name>a source familiar with the matter (npub17k…mhcd0)</author_name><author_url>https://nostr.now/npub17k64766yhzvhk2mws356dftl35lnkthjwq34gdz9cs8va3y9aejqwmhcd0</author_url><provider_name>njump</provider_name><provider_url>https://nostr.now</provider_url><html>Fiat is a cargo cult - the simulation of the behavior of our forefathers.&#xA;&#xA;We have secure buildings where we go to get green slips of paper, just like they did.&#xA;We have shiny gray metal disks for small change, just like they did.&#xA;We reckon our accounts in this &#34;money&#34; just like they did.&#xA;&#xA;And yet, many of us realize some important element has been taken away.&#xA;Increasing numbers of people realize that something is rotten.&#xA;&#xA;So we reject the cargo cult, without understanding why &#34;the planes don&#39;t land&#34;, and find some other way of organizing and some other means of exchange.&#xA;&#xA;Bitcoin is another cargo cult - an imitation of prior practices stripped of meaning.&#xA;We use a ledger to carefully track who has how much - of what? &#xA;Points, credits, Bitcoins, the name doesn&#39;t matter.&#xA;It is accounting minus the thing being counted.&#xA;Some important element has been taken away.&#xA;&#xA;https://youtu.be/xPRpdPrUlb8?si=v-utfCtRDiQmZi6I</html></oembed>