Alan Watts is among one of the biggest (and handful of) contemporary thinkers still relateable and palatable today.
The philosopher-teacher-guide has pre-empted so many moves we see around, global trends and future insights. Of course some of them are lies, click bait and drama. Other not-so-consipirational stories are obviously true. Among them is the rationale that we have found to be the truest representation of cryptos. He has talked of them in his various lectures and talks and what not.
He has remained a popular intellectual of the 20th Century, mainly for promoting Zen Buddhism and Eastern thought in the West.
The expectancy and the vision for cryptos came from when he held an interesting talk in the late-60s called “Money, Guilt, and the Machine.” So old, yet so bold.
We loved excerpts of it. Here are some for you!
(…) one of the reasons that our technology is impeded and prevented from feeding the world properly is the failure of one of our networks. It’s an information network and it’s called money, about which we have the most unbelievable superstitions and psychological blocks (…) But money and our psychological attitude to money is a major obstacle to a proper development of technology enabling it to do what it is supposed to do.
Money is not a physical phenomenon. It does not have to be tangible. Especially when the concept is not a tangible one. Any value that any currency has, is always and always extrinsic. It relies on something else. It could be gold or peoples opinions, GDP or whatever.
Money has no value, Coins do not, paper notes do not. Money’s value is that of what people put in it. The faith in the economy, its price in terms of other currencies and what not. Living standards for some countries. Money is a fickle hoe. It has no character or grace to it. It is what people make it. That too from the male gaze duh.
Money is thus, not necessarily a bank note, a paper cutout, the picture of a president or founder or the queen.
Within the same talk he explained:
one of the reasons that our technology is impeded and prevented from feeding the world properly is the failure of one of our networks. It’s an information network and it’s called money, about which we have the most unbelievable superstitions and psychological blocks
It is an idea, a promise, an expression, a unit of transaction. This necessarily entails then that money is nothing but bookkeeping. Also, that money is a circulation of information and in itself has no value.
So if my promise to my economy can be well expressed online and can be well handled virtually, i would waste no time handling my physical wallet with all the extra care that i must spend on it by monitoring continuously if the deep dark alley is not hiding any mugs and thieves.
Geniuses are in place for a reason after all? I guess, well, seems only right.