Most complex systems work better when decision-making is spread out rather than centralized.
This is not a political argument. It is an observation about how information actually exists in the real world.
No single person or institution can know everything. Knowledge lives in individuals. It is shaped by local context, personal experience, and constantly changing conditions. When decisions are centralized, that knowledge gets flattened, delayed, or ignored. When people are free to act on what they know, coordination emerges more naturally.
Austrian economics captured this insight decades ago. Value is subjective. Information is dispersed. Order is not designed from the top down, but discovered through voluntary interaction. Prices, incentives, and competition act as feedback mechanisms that guide behavior far more effectively than centralized plans ever could.
The same logic applies beyond economics.
Open systems tend to outperform closed ones because they invite participation, scrutiny, and iteration. Anyone can audit the rules. Anyone can propose improvements. Mistakes are surfaced faster, and innovation compounds over time. Power remains distributed, which keeps the system adaptable rather than fragile.
Decentralization is often misunderstood as disorder. In reality, it is a form of organic order. It does not eliminate structure. It replaces rigid control with flexible coordination.
Healthy systems allow people to opt out. Exit creates discipline. When participants are free to leave, systems must remain fair, competitive, and responsive. When exit is restricted, inefficiency and abuse tend to accumulate.
The strongest systems do not depend on trust in authority. They depend on clear rules, aligned incentives, and personal responsibility. When people bear the consequences of their decisions, feedback becomes real. When costs are hidden or socialized, distortions grow quietly until they become crises.
Progress rarely comes from grand central plans. It comes from open frameworks that allow experimentation, correction, and evolution over time.
Not because humans are perfect,
but because systems that allow error and correction are more resilient than those that pretend to be flawless.
Fiat doesn’t just steal your money. It steals your imagination.
When money constantly loses value, thinking long term stops making sense. Dreams that take years to build feel unrealistic. Patience feels punished. So people adapt.
They lower their ambitions. They optimize for safety instead of meaning. They trade big dreams for stable paychecks, titles, and things that signal success to others.
Over time, this becomes normal. You stop asking what you want to build and start asking what you can afford. Life turns into maintenance, not creation.
To cope, the system floods you with distraction. Entertainment replaces purpose. Consumption replaces curiosity. You stay busy, but you are not fulfilled.
This is how debasement really works. Not just on money, but on human potential.
Sunk cost bias is not just a personal error. It is built into modern economic thinking.
In Keynesian economics, past spending is treated as something that must be protected. If too much money has already been spent, the system assumes it cannot be allowed to fail. Debt, projects, and institutions are kept alive simply because abandoning them would mean admitting loss.
This leads to a predictable response during every downturn. Governments increase spending, expand deficits, and print more money. The justification is always the same: stopping now would waste what has already been invested.
But sunk costs are already gone. Protecting them does not create future value. It only traps capital in unproductive uses and prevents healthier parts of the economy from growing.
A sound economic system accepts losses early. Bad debt is cleared, failed investments are allowed to fail, and capital is free to move where it is most productive. The focus is on future outcomes, not past mistakes.
Keynesian economics tries to save the past. Sound money forces society to think about the future.
Give us a 24hour podcast.
recite Surat al-Kahf.
Human progress is not built on memory alone.
It is built on recorded knowledge.
Early humans relied on oral tradition. Knowledge lived inside people. When a person died, much of what they knew disappeared with them.
Writing changed this completely.
The moment humans began to write, knowledge moved outside the human brain. Ideas could survive time, distance, and generations. Writing became humanity’s external memory.
This is how learning began to compound.
When knowledge is written down, it can be reviewed, corrected, challenged, and improved. Each generation no longer starts from zero. Progress becomes Compounding.
Science emerged from this process.
The scientific method depends on documentation. Observations must be recorded. Experiments must be repeatable. Errors must be visible. Without writing, there is no trial and error at scale.
Then came the printing press.
Before it, books were rare and slow to reproduce. After it, identical knowledge could reach thousands of people quickly. Ideas spread faster. Debate intensified. Education expanded. Progress accelerated.
Technology did not replace thinking.
It amplified it.
Writing extended memory.
Printing extended reach.
Technology extended speed.
Humans do not remember everything naturally. We learn by organizing thought. Writing forces clarity and exposes gaps in understanding. It is not just a way to store knowledge, but a way to create it.
Every major leap in civilization follows the same pattern.
Record. Share. Test. Improve.
Human progress is not limited to biology.
It is informational.
And writing is the foundation of that evolution.
Economic growth today is increasingly driven by easy credit, not productivity. Technology is deflationary by nature, but instead of allowing prices to fall, the system counters it with more debt.
This creates a fragile loop. Debt must grow faster just to keep growth positive, while technology keeps reducing costs and replacing jobs. Asset prices are supported, not because fundamentals improved, but because the system cannot tolerate deflation.
Exponential forces eventually outpace our controls, like a dam overflowing after years of buildup. The reset is not a question of if, but when.
Sats in cold storage don’t know panic.
They don’t hear noise.
They don’t react to chaos.
They just sit.
Secured by math.
Waiting for time to do its work.
If you want to boycott the Fed, buy Bitcoin.
If you want to boycott the proof-of-weapons network, don’t buy BlackRock ETFs.
If you want to boycott banks, don’t borrow against your Bitcoin.
If you want to boycott the military-industrial complex, don’t buy the S&P.
---Simon Dixon
