Power Projection and Human Imagination | The Jason Lowery Series | Episode 6 (WiM219)
The "What is Money?" Show
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The Proof of Stake and the Nature of Fiat
Lessay: The abstract power of pioas or fiat, works so long as the constituents believe in the credibility of that threat. But there's always incentives to defect, right? No one likes to be told what to do. So there are incentives to defect. And if you have a defection, that grounds out in physical reality, right? A a bunch of europeans came to the new world, and they decided they didn't like being sending a lot of their resources back home to the uk. Lessay: We're going to have a call to arms here, and we call that the american revolutionary war.
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