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When gender, sexual preference or race is more important than merit or ability to perform a government position.
Sven got the job of Deputy mayor because he dresses like a girl, thatâs the many benefit of living in a minoritocracy
When gender, sexual preference or race is more important than merit or ability to perform a government position.
Sven got the job of Deputy mayor because he dresses like a girl, thatâs the many benefit of living in a minoritocracy
When someoneâs bias and ego interfere with their interpretation of true market signal leading to lost opportunities
Peter had Schiff for brains and missed the best asymmetric bet of his live more than a dozen times.
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When a woman only pretends to love you because she knows youâre holding bitcoins.
Sven, your trophy wife is as hot as molten metal but she is just a satdigger.
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When you hang your hat on a medieval technology because of your personal bias and watch the world change around you, you are up Schiffâs Creek
Peter couldnât grasp the digital world and leveraged his wealth and reputation on the analog world he understood , he found himself Up Schiffâs Creek.
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1 : a supporter of the Bitcoin standard. 2 : a person who invests in or hoards bitcoins.
Saifedean hates fiat currency, he is a big proponent of hard money, some would refer to him as a Satbug. He believes in the Bitcoin Standard, in which, Bitcoin is the reserve currency and used as a Final Settlement layer.
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When a vocal
Minority has more influence on government policy than the majority.
The United States is considered a minorotacrcy based on their laws are crafted to give advantages to the disadvantaged minority rather than the majority.