“money”

Why read David Friedman’s Machinery of Freedom^AM:

You could think of money as a bundle of alternatives, options—and you wouldn’t be wrong. (With these five bucks I could buy this week’s Economist, or get an Oreo Blizzard, or go watch El Laberinto del Fauno, or give something to eat to a street kid, or gift Surely You’re Joking, Mr. Feynman!^AM to Sergio, or save for my old age, or pay one more month of the gym, or pay someone to do my dry-cleaning and lie on the grass instead.)

You could think of life as a bundle of options—and you wouldn’t be wrong. (With these one more hour of life, I could read part III of David Friedman’s The Machinery of Freedom^AM, or talk to Chemito in Monterrey, or to Sergio in Ciudad Juarez, or write that email for Adolfo, or go to the gym, or flirt with that girl, or masturbate, or work at Domburi, or write my next post, or think through why I believe the government is only legitimized force, or go lie on the grass instead.)

Thus, you could think of money as life—and you wouldn’t be wrong.

Options are our universally valued currency.

Now, of course money isn’t always life. There are some options that we think of as life that may be impossible to get in exchange for money. (I may spend all my money trying to revive my grandmother and, in all likelihood, never be able to do it.) And there are some options that we think of as economical that may be impossible to get in exchange for life. (I may spend my life trying to buy a space station and, in all likelihood, never be able to afford it.)

But there’s still undoubtedly a huge overlap between them that most people are uncomfortable to acknowledge—the most they’re usually willing to concede is the common wisdom that «you need some minimal amount of money to live», which translated yields the tautological «you need some minimal amount of options to have options». The difficulty, seems to me, is that by life we mean both «options» and «taking options». What is the point of always striving for money (options) if you’re not going to live with it (take them!)? Under this light, common wisdom translates to «to be able to take options you need to have a minimal amount of options.» Which is still fairly obvious, but far more wisdomous.

In the post-scarcity society of Cory Doctorow’s fun Down and Out in The Magic Kingdom (which you can read for free), money has been replaced by whuffie^WP: a reputation-based currency, an ubiquitous measure of how much other people like you. Now, of course, PageRank^WP comes immediately to mind, no? (And here’s a good post linking both.) But the main difference till now was that whuffie was instantly viewable by anyone (through brain implants!) and PageRank is just a behind-the-scenes measure (though of course tremendously important).

No more. I installed Firefox Extension Search Status in a flight of fancy but it has become second nature to me to look down and right at the status bar icon where PageRank (and Alexa^WP Traffic) is displayed. We are social animals after all.

I can’t believe I forgot to put a link to this feature when I read it three months ago. Anyway, Fortune’s How I Work is a gallery of in-depth looks at how 13 leaders (mostly executives) work through their day. Well worth the read.

It is trapped inside some hideous, caging frameset, so here are some links (and pictures!) straight to the content.

...que hasta yo lo tengo!”

Vicente Fernandez^WP dixit (supuestamente).

Es increible pero el articulo de la Wikipedia en ingles sobre Vicente Fernandez esta mucho, mucho mas completo que el de la Wikipedia en español. Nuestra lengua materna esta devaluada en internet mucho mas alla de lo que nadie se atreve a decir en voz alta (o en letra grande).

This is one of the many things I ended up pasting on my wall last week. Since it’s something of an important breakthrough for me, let me try to explain what I mean with it.

I have always marveled at rich people, particularly at how one could get rich, and it always seemed impossible to the verge of immoral how a single person could earn on the order of tens of thousands of dollars per month. There were very few things I could think of for me to do in an hour that would be worth the hundreds of dollars I would need.

That is completely the wrong way to go about it. There really are few such one-hour isolated things that will get you a couple hundred dollars and most of them involve decades of poorly paid specialization. There is a better, more productive way to think of the problem, and that’s what the equation above serves as a reminder of: If you get one thousand people to give you fifty dollars per month, you’ll make fifty thousand dollars per month.

Yes, I know it’s mind-numbingly stupid, but it’s true. And fifty dollars aren’t really that much money, and a month is quite a big chunk of time, and a thousand people doesn’t seem as much to me now as it used to—that’s about the daily traffic of Imagery a couple of weeks ago (and yes, I know the comparison is worth squat, but it still was a landmark in my life to realize how easily I could interest and benefit and touch thousands of people).

Of course that getting-people-to-give-you-money part is not at all about mind-washing or extortion, it’s about creating more than fifty dollars of wealth in a month for over a thousand people. And doesn’t it seem exciting and achievable put this way? At any rate, it has my mind reeling, because a couple of days ago I finally crystallized an idea of a website that could do just that and much more (codename: maki). And it promises to be a lot of work, and to be the greatest challenge I’ve yet undertaken, and it will take me out to the real world every day, and I’d meet thousands of people, and it’d get me walking, and… well, time’ll tell, won’t it?

This blog had been gone for quite a while, a while in which I never stopped writing, it’s just that I saved it to a local text file. You see, I wanted (and want) something quite different from this blog than what it is now and I was experimenting with new formats. I was close to figuring out what I wanted but then this whole wonderful Imagery media blitz got a hold of me and I’m focusing all my energies on it. So the new blog will be another while coming and I thought that it was pointless (and rude of my part) to not publish anything in the mean time.