#513: How The US Is Losing The Great Digital War with Matthew Pines
TFTC: A Bitcoin Podcast
Novel Form of Institutions
Institutions like Bitcoin and political campaigns are novel forms of institution-making, operating as collective projects free from individual control, aligned with individual incentives, and maximising collective consensus without traditional democratic agreement. Human institutions are social fictions sustained by collective belief that accrete reality over time, formalised through various means like technical code, physical infrastructure, and capital investments.
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