5min chapter

The "What is Money?" Show cover image

The Psychology of Property | The Stephan Kinsella Series | Episode 4 (WiM235)

The "What is Money?" Show

CHAPTER

The Feedback Loop Between Character Development and Incentivization Structures

I think reality is constituted of feedback loops. And I guess the feedback loop we're exploring here is between individual character development and incentive structures, right? There's obviously feedback between the two bad characters. But my question here is it's a Bitcoin question, of course. Does it stand to reason that if we have an inviolable private property, which Bitcoin can purport to be, could that bend our individual character development in a positive direction? Yeah, I believe so, actually. Not to be utopian, but you know what I mean.

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