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operation_saylor/evangelism/episodes/episode_3.md
pablo 791434eeb2 Stuffy stuff.
2022-09-03 19:15:57 +02:00

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Operation Saylor Episode - 3/120

Hi again and welcome to another episode of the Operation Saylor. This is update number 3, corresponding to September 2022.

If you are reading this for first time, you might want to check Episode 1, where my plan and details are explained. That will get you in context.

Stats

  • BTC stack: XXXXX BTC
  • € stack: XXXXX €
  • Current total value in €: XXXXX €
  • € into BTC: XXXXX €
  • Paid back to bank: 732.40 €
  • Outstanding debt: 43211.93 €
  • Installments to go: 119

Charts

  • BTC churn chart
  • Value of stack vs Outstanding debt with the bank

Log

This past month I read through Jeff Booth's The Price of Tomorrow. It was an ok read. I must confess I was very hyped about it since Jeff's appeareances in different interviews and podcasts are great, and everyone and their mother say that the book is brilliant, but I was not that impressed. I felt the book covered the idea that we are heading towards a tremendously deflationary era interestingly, but there were many other contents which felt like dull, average-business-magazine ideas, like the section on AI. I also felt a bit disappointed because Jeff makes a great point on how deflation poses a societal challenge since our current distribution of wealth through salaried labour will break down and we don't have an alternative for that now, but didn't really discuss much what could be done about that.

Actively reading on ideas about deflation put it in the background on my mind and lately I kept on seeing things in my daily life and somehow relating them to deflation. A few days ago, I was watching TV news and they pulled some charts with the demographic pyramids of a few countries. As it tends to be with these sections, the message was rather alarmist, warning about how the pension systems of a few countries in Western Europe would become unsustainable (if only these demographic changes could be foreseen decades ahead, maybe then governments could have smoothly pivoted the pension systems to more adequate schemes instead of dooming future generations to be left holding the bag...) and how the economy would stop growing.

This desire for the population to grow constantly has always puzzled me. Why is it desirable at all? A friend of mine and I used to end up stuck at traffic jams and we would joke about how our city would be so much friendly if we only had half the people around. I guess there are many things nowadays which can only be sustained if the population growth rate stays positive, but is it truly negative if they break down? Or is it just that sort of positive destruction that Austrian economics defends as healthy because it re-allocates resources into the right ventures?

I guess I need to get my hands on a book about demographics now... Thanks for reading and I'll see you around next month.

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