economics ⁽³⁾

Cleaning up my digital closet, I was about to delete this letter I printed and sent to NZ Labour MP Stuart Nash back in September 2020. I thought I'd share it here first as the ideas contained are still hugely relevant. Unedited and as it was printed and sent, even if I've now spotted things that could've been said better. 11/09/2020 Dear Stuart, I’m a thirty year old resident of Wairoa. As Labour’s representative for my electorate I’m opening this…

I've just read The Peoples Reserve whitepaper: Much thought has clearly gone into the implementation. The best thing about it as opposed to many other 'blockchain' currencies (ie: Bitcoin) is that the 'consensus algorithm' is not based on 'proof of work'. Think of the consensus algorithms as a computational way of confirming that everyone is seeing the same tamper-proof copy of a digital ledger which stores who has paid whom. Whenever you see a 'proof of work' implementation, look away.

Grimwood's article on interest.co.nz suggests a false economic narrative as a primary culprit for our civilisations current missteps. I couldn't agree more. Alas, like many environmentalists, he ropes in population; inferring that there are too many of us, but leaving the solution to high birth rates is unmentioned. This bothers me, as the thought that 'there are too many humans on the planet' leads us to deduce that we can't or shouldn't help each other, that we shouldn't strive to…