Price is a means to an end.

· Bits and Bobs 5/18/26
  • Price is a means to an end.
    • The ultimate proxy of value.
    • Everyone participates in a trade willingly so it is by default an authentic signal of their belief.
    • It turns out that financialization is an all-powerful but fundamentally corrupting force.
    • You want to harness its power as society by riding it without letting it ride you.
    • Over time it will erode your power and that dynamic will invert.
    • We've Goodhart's-law'ed ourselves in the face.