4min chapter

The "What is Money?" Show cover image

Power Projection and Human Imagination | The Jason Lowery Series | Episode 6 (WiM219)

The "What is Money?" Show

CHAPTER

The Difference Between Physical Power and Fiot

Fiat uses an abstract form of power, which is then rereafied or hypotetized by physical power. So this proof of stake is just not connected to reality. And a forthe for it to work, it has to be as we seth fee. It has to be concratized or refied through conflict, enforcement, violence. At some point, there has to be some reconciliation to physical reality for otherwise the adgentives to defect. Rip the thing apart, because people will defect. People are going to do what's in their best interests. i think we're on the right track when we start talking relating stake to fiot. But i think it's

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