The Language of Games & Naked Self Interest, in Context of Central Banking
Wittgenstein believed every word spoken is part of a game (Sprachspiel) and understanding is a familiarity — clarity need not mean anything in particular, so long as you’re part of the activity.
This concept is based on the rules of language being analogous to the rules of [a game]: saying something in language being analogous to making a move in [a game].
Métarécit
A metanarrative is a postmodern type narrative that all narrative of history and epistemology offer legitimisation through the anticipated completion of a — as yet — unrealised master idea.
Meta is Greek for beyond and narrative a story characterised by its telling — and this was brought forward by Jean-François Lyotard because of the postmodern condition to distrust grand narratives; in similar vein to how Fukuyama declared the end of history (with a big H).
Meta-Economics
An observation has been made where Bitcoin — has, for the first time in monetary economics — provided a ‘more macro’ [version, of] macro monetary economics; given it’s superior performance against all major world monies during [Bitcoins’] decade long existence.
In this light, Bitcoin can be seen as a non-sovereign money and gold like value standard, by which sovereign money can make apolitical comparison.
“As time goes on…we will be able to come to the table as a global entity and use reason to unify otherwise non-cooperative nations in competition with each.” On The (Non-)Emptiness of (Asymptotically) Ideal Money, ‘Juice’.
‘Co-opted’ vs ‘Adopted’ Take Up of Bitcoin
Following a previous blog on legitimisation of economics as a ‘science’ applied in Bitcoin, I came across this tweet:
And this response:
And in light also of a previous blog around the psychology of Central Bank announcements and how they frame their market activities, I received this tweet:
I was reminded of something received from a communications officer at the IMF:
And this:
Then, this:
Finally these observations:
In the context of a meta-economics, this renders the question of post zero sum markets; where something is either lost or found — from a more or less, comparative fashion — in translation: because clarity may not mean anything in particular, so long as you’re in on it.
