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|nameurl=https://x.com/EricRWeinstein/status/1390790901945954307
|name=Eric Weinstein
|content=I believe we called their Prime Brokerage unit to ask whether they would handle BTCUSD out right and simple derivatives (puts & calls) on BTC as an underlying asset.
 
That was 11 years ago. GS was polite in the way sane people talk to crazy people with whom they must do business.
 
|quote={{Tweet
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|nameurl=https://x.com/FT/status/1390716914570350592
|name=Financial Times
|usernameurl=https://x.com/FT
|username=FT
|content=Goldman Sachs executes its first bitcoin derivatives trades https://www.ft.com/content/5ec1d0aa-7992-4fb8-8011-9d7f7b44faac
|timestamp=10:15 AM · May 7, 2021
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|timestamp=3:09 PM · May 7, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1392658740143218689
|name=Eric Weinstein
|content=I’m usually see @elonmusk as one of the few seeing our long game. This feels bizarre so I’m not getting something.
 
Why do #BTC only to undo it in the face of the easily foreseeable? This and focus on Rocket propulsion(?) over fundamental physics are 2 things I clearly don’t get.
 
<nowiki>
*I</nowiki>
 
So I get taking #btc. And I get not taking #btc. But not doing it to undo it over energy(?) concerns.
 
 
With Rockets, you can maybe get Mars/Moon for planetary diversification. That’s *not* enough even *if* you get it done (a huge ‘if’).
 
Relativity is what must be superceded.
 
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|nameurl=https://x.com/elonmusk/status/1392602041025843203
|name=Elon Musk
|usernameurl=https://x.com/elonmusk
|username=elonmusk
|content=Tesla & Bitcoin
|media1=Elon-X-Post-1392602041025843203.jpg
|timestamp=3:06 PM · May 12, 2021
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|timestamp=6:51 PM · May 12, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1393946700809601027
|name=Eric Weinstein
|content=Say what you want about my take on Bitcoin, but I don’t shift my opinion of it with its ups and downs.
 
I am still of the opinion that ordinary folks need instruments with which we can short economists in general and central bankers in particular with respect to fiat currency.
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|timestamp=3:09 PM · May 16, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1404695010600120326
|name=Eric Weinstein
|content=CPI is broken. Why?
Think of CPI as a gauge like a thermometer. You can’t have politically motivated folks making your thermometers or they can change the design to cover up climate change. Likewise you can’t have economists changing the gauge to disguise the effect of printing.
The economists can’t yet compute a dynamic Cost-Of-Living-Adjustment or COLA or “Chained Changing Preference Ordinal Welfare Konus Index” to be perfectly pedantic. Not because it doesn’t exist. But because they don’t have the math and don’t want to lose their finger on the scale.
We must take CPI away from those who wish to back out a political agenda of printing money, raising our taxes by indexed tax brackets and slashing our indexed social security & Medicare.
Economics can’t construct dynamic economic gauges like CPI/GDP until it learns gauge thy.
But more importantly, we have a culture that economics literally trumpets (and I swear I am not making this up) “Economic Imperialism”. It is “we know math and you don’t”-culture.
No. They don’t know their own math. I will debate any high ranking economist on this point.
It’s time to reveal that economics, far from embracing math or having physics envy, is deliberately avoiding solutions to old problems so that it can make up new gauges for CPI/GDP at will while telling the rest of the soft sciences “We know your field better because we do math.”
No. Economics is a avoiding gauge theory, connections, Lie Groups, etc so it can retain its political relevance as an expert consultancy. I’m with the crypto folks on this. Our economy must be protected from Seigniorage (printing money) and CPI tampering (e.g. Boskin Commission).
CPI should not
MUST NOT
be adjustable to disguise inflation. It needs to be protected from the FED diluting the power of money and the BLS being free to disguise the effects by changing the method of construction.
https://www.youtube.com/watch?v=XjCAsXUDvno
End the forced wealth transfers of central bankers covering up their own failures with “Relief”, “Easing”, “Stimulous”, “Rescues”, “Toxic Asset Purchases”, and other bailouts of our incompetent financial overlords.
We must protect CPI from economists disguising wealth dilution.
P.S. before you remind me how arrogant this sounds, keep in mind, that I am willing to debate this publicly with any leading economist eager to defend the central bankers and triumphalist theorists openly bragging about their math. Read this, and be sick:
https://www.nber.org/system/files/working_papers/w7300/w7300.pdf
Moral: Gauge Theory fixes this intellectual corruption problem of economic imperialism, and #btc, blockchains and Crytpo can help.
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|image=Samkazemian-profile.jpg
|nameurl=https://x.com/samkazemian/status/1404565972728487939
|name=sam.frax
|usernameurl=https://x.com/samkazemian
|username=samkazemian
|content=A crypto native CPI governed on the blockchain to create a decentralized stablecoin people can rely on to keep their standard of living the same across time. A true alternative to fiat rather than a speculative investment asset like most other coins.
|timestamp=3:26 PM · Jun 14, 2021
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|timestamp=11:59 PM · Jun 14, 2021
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== Related Pages ==
* [[CPI]]
* [[Gauge Theory]]
* [[Gauge Theory, Gold, and Bitcoin (YouTube Content)]]


[[Category:Portal Topics‏‎]]
[[Category:Portal Topics‏‎]]
[[Category:Economics]]
[[Category:Economics]]
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