Wishing Visha November 15, 2024

 

The Fall of Famous Scholars

Recently I saw Fukuyama's article questioning Musk's efficiency reform. Fukuyama pointed out that firing government officials is not necessarily a way to improve efficiency. He mentioned that people generally believe that the federal bureaucracy is bloated and overstaffed, but in fact it is not. The number of full-time federal employees is basically the same as in 1969, about 2.3 million, but the government now spends more than five times as much as it did then. In fact, the government is currently understaffed! He based his inferences on the rules of the industrial age, that is, the political and economic system. He does not understand Internet economics, and it is normal to draw this conclusion. In fact, there is no Internet economics at all, because economists' research cannot keep up with the development speed of the Internet. How can a tortoise teach a rabbit to run?

The Internet went from early decentralization (Web1) to centralization (Web2), and then returned to the old path of the industrial age without touching the transformation of production relations. Does the Bitcoin system need to be regulated? No, why? In one word: transparency! Transparency is the product of market regulation. Coupled with a series of clever designs, the government's regulatory costs tend to zero. If all projects have regulatory costs similar to Bitcoin, then the operating costs of the entire government will be greatly reduced, and Musk's idea of ​​improving efficiency will be established.

Transparency and Autonomy: The Core Principles of the Internet Economy

Musk is a genius, he is fighting on the front line of the market, and he understands the essence of cryptocurrency: transparency and autonomy.

The original system was designed for an era when information was difficult to obtain and opaque, and is not suitable for the characteristics of the Internet. The Internet is peer-to-peer, information is frictionless, and information is transparent and visible to the world, making it very easy for users to participate in decision-making. When the foundation changes, the old system should be revised. In this US election, Polymarket accurately predicted the results of the election, eclipsing all the polls. Times have really changed.

Isn't it absurd to use the securities laws and Howey test from the 1930s to judge the securities attributes of cryptocurrency projects? As a result, application-oriented projects are strictly regulated, while MeMe coins similar to gambling are popular. Those who should be regulated are not regulated, and those who should not be regulated are still subject to old regulations, and ordinary people have no way to complain.

Breaking through the old system with transparency

The Stupid Decisions List that Musk's Efficiency Committee will launch will expose the government's stupid decisions to the world. That's great. In this election, problems were exposed immediately, making it very difficult to falsify. This is a dimensionality reduction attack. Musk uses the wisdom of entrepreneurs to solve problems instead of traditional theories.

Trump's understanding of cryptocurrency is very limited, but he is also an entrepreneur with a deep understanding of the shortcomings of the system. He is very sensitive to the market, willing to try new things, and boldly employs a group of young people. These people are people of the Internet age and have a natural understanding of the Internet.

Common sense is needed in the Internet age

This time we found that people from both parties have re-aligned themselves. Both Robertson and Gabbard split from the Democratic Party. Although they are not completely in agreement with Trump, they agree on the flaws of the old system. Keeping America ahead is what American patriots have to do. Every time Trump holds a rally, USA, USA! resounds throughout the venue. The Democratic Party shouts Kamala, Kamala! It reminds me of the fascist rally: Hitler, Hitler! One leaf tells the story of the coming of autumn. Who is ahead and who is behind?

Trump, Musk and Robert are all rich people. They come together not for themselves but for the benefit of the United States. They are not conservatives but represent the courage to create a new system. They are revolutionaries. Trump, Musk and Robert have no theories. What they defend is common sense, not outdated dogma.

The great American people chose the Trump team based on common sense. Looking at the appointments of Trump, a large group of young people, we know that the world is facing huge challenges.

Changes in production relations: the Internet revolution

From a macro perspective, there are the agricultural age, the industrial age, and the Internet age.

The characteristic of the agricultural era is that whoever has more land has the upper hand. The idea of ​​relying on war to seize other people's land is still in the agricultural era. This trend of thought is not mainstream in contemporary times.

In the industrial age, whoever possesses more capital has an advantage. Industrial people think in contracts and negotiations rather than fighting to occupy land. The United States does not want regions that cry out to join the United States. Of course, in today's society, the political, legal and economic systems of the industrial age dominate. Raising interest rates can make money flow to the United States. This is an idea from the industrial age. If personal income tax is exempted, people will run to the United States. Trump has grasped the essence of the Internet age. Other countries can follow the interest rate hike, but other countries cannot follow the exemption of income tax without changing their systems. A huge generation gap has emerged, and the cards are played openly. This is the true meaning of corporate competition. Companies will die, and so will countries.

Whoever has more people on the Internet has an advantage. Today's Internet can still be incorporated into the rules of the industrial era. In 2009, Satoshi Nakamoto fired a cannon and started the Internet revolution. The revolution of the times must include the transformation of production relations. With Satoshi Nakamoto, a new world of Internet finance was created. The Internet is no longer a financial tool, but a financial revolution. This has freed the Internet from the thinking of the industrial era.

The exploration of cryptocurrency over the past 15 years has explored the financial path of mankind for thousands of years at the lowest cost, and explored the core concept of the Internet: people-oriented, transparent, and self-governing to generate fairness and credibility, and using community autonomy to solve the contradiction that Internet users are both consumers and contributors. Based on this, a political, economic and legal system that adapts to the Internet era was created. All this began with the Trump administration. The United States is not the largest country in the world. In fact, the more people a country has, the more advantages it has. Without institutional changes, the advantages of people cannot be brought into play.

The future will be dominated by Internet thinking.

The MAGA Movement: A Role Model for the World

As famous as Fukuyama, Mr. Zhang Weiying, China's best economist, also doubts Musk's reform. I don't doubt their character. The people are kind, the scholars are kind, and the officials are kind. The key is that they don't know that a new world has arrived. They don't know that they are defending a conservative and backward system and an old system. Many outstanding Chinese scholars whom I admire praise the American system. They think Trump is unreliable and a liar, because we can't stand at Trump's level. It is also because of the arrival of a new era that only a few people can realize it. The new world did not come in an instant. In 1969, the US military's Arpanet also made people realize the arrival of the Internet era. In 2009, most people thought that Satoshi Nakamoto's Bitcoin was a liar. Now everyone doesn't think it is a liar, but how many people know that it was with Satoshi Nakamoto's revolution that the Internet can be called an era.

The revolution of cryptocurrency has developed to the transformation of the superstructure and is still being rapidly implemented. Because the time is too short, there is no perfect theory. What is coming will come. Humans have chosen Trump, Musk, and Robert. They are all heroes with ideals emerging from the trend of the times. The turning point of history needs great people to promote it. MAGA is not just an American movement. The United States will become a model for progress in countries around the world. Despite the high difficulties and risks, entrepreneurs are born to fight against risks, and they are protected by God.