Those Amish communities in North America......you know - the ones where they live a life cut off from the outside world....beginning to look strangely attractive 🤔
The road to serfdom awaits-but-all will be for the best,in the best of all possible worlds.
Once again, take your pick from this link, to choose a suitably opaque collation of management speak-so impenetrable that it has exhilarating control-of-the-plebs potential:
😂😂Nonsense on stilts! Accomplishment in meaningless gobbledegook assures practitioners of a well funded ,influential career in politics,the MSM,NGOs,academia and the WHO.
Bizarrely, five days after publishing their weird ideas, Bossone and Faragallah published a follow-up pointing out how utterly unworkable those ideas are. Yep, a seven year old could have told them that. Because when that child of a slightly lazy relative gets a gift voucher as a birthday present it’s not as welcome as a tenner. And that’s what B&F were imagining, issuing gift vouchers instead of cash. These people actually hold down jobs with titles like “Senior Advisor”.
This is the thing I keep coming back to. These people are nuts. They're like Martians who have never met an Earthling. But they're in charge. This is why I have no faith that sanity will prevail; as with lockdowns, the idea has to be tried and shown to be a catastrophe before it will be shelved. To untold ruin and misery in the interim.
That quote from Bossone and Faragallah really is both chilling and breathtakingly stupid!
What is it with the fridges automatically ordering milk? It alway seems to be the example given for the benefits of the "internet of things". And it is such a pathetically pointless benefit that a moment's thought tells you both that it wouldn't work (what if there's a reason you don't want milk right now?) and wouldn't really help you anyway.
As for the printer automatically ordering ink, perhaps they didn't notice that HP have already done that with existing money!
As you say, sane people would never accept programmable currency, unless it was absolutely mandated with the use of other currencies banned by law. Otherwise private actors would create their own non-programmable currency and people would choose to use that.
The fridges automatically ordering milk thing is deliberately chosen as an example because it seems so benign, and is designed to trigger pleasant thoughts: Yes, it *is* a pain running out of milk, and wouldn't it be nice if my fridge ordered it for me? So the Internet of Things must be a good idea! A similar thing goes on with automation of devices, in which the example that is always used is golf carts which are designed to not be able to drive on the greens. Well, who could complain about that?
Interestingly, even as an example of a use for the internet of things, it makes no sense! Without an internet connection, your fridge could print out a shopping list for you, right? Er...no, because there would be lots of other things that would need to happen - a milk sensor to detect how much milk you had left, for example, and more sensors for other items.
The internet connection facilitates the easy bit - the transmission of order data to the retailer. It doesn't help with the hard bits.
This is part of a pattern with the silicon valley IT experts - they think the world is all about data. In reality, the data is worthless unless it allows you to do something in the real world.
B&F are either midwits or utterly malevolent. There are many problems with their paper but for me there are two major ones. Firstly, prices are information and every time, without fail, government interferes with prices it causes endless problems. F A Hayek won the Nobel for prices as information; it is neither new nor obscure knowledge. Programmable money would be the ultimate in government interference in information flow in a complex system, causing chaos. Secondly, hoarding money, that is saving, is how people escape debt slavery and become wealthy, independent and question the need for government and/or challenge the current elite. Clearly, the state does not want this and neither do elites: effectively banning saving keeps the masses dependent and entrenches the current elite. Permanently. This alignment of incentives between the state and elite explains why they are so keen on this manifestly awful idea.
Those Amish communities in North America......you know - the ones where they live a life cut off from the outside world....beginning to look strangely attractive 🤔
Yeah, you're not the only one to have had that thought.
The road to serfdom awaits-but-all will be for the best,in the best of all possible worlds.
Once again, take your pick from this link, to choose a suitably opaque collation of management speak-so impenetrable that it has exhilarating control-of-the-plebs potential:
https://www.atrixnet.com/bs-generator.html
I like it, reminds me of my old favourite the Postmodernism generator:
https://www.elsewhere.org/pomo/
It'll generate a fresh 'article' when you refresh the page. There are other generators there too for band names and kids' poetry.
😂😂Nonsense on stilts! Accomplishment in meaningless gobbledegook assures practitioners of a well funded ,influential career in politics,the MSM,NGOs,academia and the WHO.
https://www.makebullshit.com/
For the Titans of the IT world; follow the link
Bizarrely, five days after publishing their weird ideas, Bossone and Faragallah published a follow-up pointing out how utterly unworkable those ideas are. Yep, a seven year old could have told them that. Because when that child of a slightly lazy relative gets a gift voucher as a birthday present it’s not as welcome as a tenner. And that’s what B&F were imagining, issuing gift vouchers instead of cash. These people actually hold down jobs with titles like “Senior Advisor”.
https://blogs.worldbank.org/allaboutfinance/expiring-money-part-ii
This is the thing I keep coming back to. These people are nuts. They're like Martians who have never met an Earthling. But they're in charge. This is why I have no faith that sanity will prevail; as with lockdowns, the idea has to be tried and shown to be a catastrophe before it will be shelved. To untold ruin and misery in the interim.
That quote from Bossone and Faragallah really is both chilling and breathtakingly stupid!
What is it with the fridges automatically ordering milk? It alway seems to be the example given for the benefits of the "internet of things". And it is such a pathetically pointless benefit that a moment's thought tells you both that it wouldn't work (what if there's a reason you don't want milk right now?) and wouldn't really help you anyway.
As for the printer automatically ordering ink, perhaps they didn't notice that HP have already done that with existing money!
As you say, sane people would never accept programmable currency, unless it was absolutely mandated with the use of other currencies banned by law. Otherwise private actors would create their own non-programmable currency and people would choose to use that.
The fridges automatically ordering milk thing is deliberately chosen as an example because it seems so benign, and is designed to trigger pleasant thoughts: Yes, it *is* a pain running out of milk, and wouldn't it be nice if my fridge ordered it for me? So the Internet of Things must be a good idea! A similar thing goes on with automation of devices, in which the example that is always used is golf carts which are designed to not be able to drive on the greens. Well, who could complain about that?
Interestingly, even as an example of a use for the internet of things, it makes no sense! Without an internet connection, your fridge could print out a shopping list for you, right? Er...no, because there would be lots of other things that would need to happen - a milk sensor to detect how much milk you had left, for example, and more sensors for other items.
The internet connection facilitates the easy bit - the transmission of order data to the retailer. It doesn't help with the hard bits.
This is part of a pattern with the silicon valley IT experts - they think the world is all about data. In reality, the data is worthless unless it allows you to do something in the real world.
"Dreamer, you know you are a dreamer
Well, can you put your hands in your head? Oh no"
B&F are either midwits or utterly malevolent. There are many problems with their paper but for me there are two major ones. Firstly, prices are information and every time, without fail, government interferes with prices it causes endless problems. F A Hayek won the Nobel for prices as information; it is neither new nor obscure knowledge. Programmable money would be the ultimate in government interference in information flow in a complex system, causing chaos. Secondly, hoarding money, that is saving, is how people escape debt slavery and become wealthy, independent and question the need for government and/or challenge the current elite. Clearly, the state does not want this and neither do elites: effectively banning saving keeps the masses dependent and entrenches the current elite. Permanently. This alignment of incentives between the state and elite explains why they are so keen on this manifestly awful idea.