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Embrace your inner stoic to understand Bitcoin well.

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Mar 25, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

    “The wise man knows exactly what value should be put upon everything.” — Seneca

    The first characteristic of great Stoic leaders is that they are excellent judges of the value (axia) of things.

    Zeno of Kition, the founder of the school, had learned this great lesson from Crates of Thebes, the Cynic philosopher who was a student of Diogenes of Sinope. Diogenes’ father oversaw the minting coins in his native land, and he devalued the currency by reducing the actual content of silver in them. This earned Diogenes and his family an exile that brought him to Athens where Diogenes turned an insight about the true worth of currency into a core philosophical principle—that we should never grant more value to something than it is really worth. Zeno built Stoicism on this fundamental idea that the worth of external things is never greater than the moral worth of our own character.
    JanSz, caroline and Marko Pollo like this.
  2. Jack Kruse

    Jack Kruse Administrator

    Centuries later Epictetus, the former slave turned one of Stoicism’s greatest teachers, would continue to emphasize this core character trait with his students. He taught his students that with every impression we should think of ourselves as an assayer—one who is testing a coin for its actual precious content. The word he used repeatedly for this testing of impressions was dokimazein (to assay, or check the quality of the mineral content of coins). A skilled merchant, he would say, could toss a coin on the table and simply hear the difference between something of real value and a fake—just like a musician immediately spots the sour note in a performance.

    That internal assayer, what Epictetus called our ruling reason (hegemonikon, the ruling part), was essential for everyone and most especially for leaders. What we choose to value, how much importance we assign to things, determines where we direct our activity and the results that follow. Bad leaders fail at this most fundamental task, which is why Epictetus put it like this:

    “When it comes to money, where we feel our clear interest, we have an entire art where the tester uses many means to discover the worth…just as we give great attention to judging things that might steer us badly. But when it comes to our own ruling principle, we yawn and doze off, accepting any appearance that flashes by without counting the actual cost.”

    Great leaders don’t get worked up by every impression, good or bad, that flashes on their radar. Instead, they take the time and all means necessary to test the actual truth and worth of the matter at hand. Soundness of judgment depends on this.
    John Schumacher and caroline like this.
  3. JanSz

    JanSz Gold

    One of these days you may want to discuss the topic of slavery (on no reply thread).
    Possibly there is already a You-Tube program like the one you pointed us to on American Finances/Food/Medicine.

    Slaves who were able to be philosophers must have had food and shelter and free time to think about their preferred interests.
    I am sure there were many (free and hungry) and envious peoples near them.

    I think that like most of many other topics slavery it is greatly misdescribed and misevaluated.
    Especially when it comes to American former slaves.
    Make sure to not overlook places where (outright) slavery was replaced by serfdom.
    The Emancipation Proclamation, or Proclamation 95, was a presidential proclamation and executive order issued by United States President Abraham Lincoln on September 22, 1862, during the Civil War.

    In the Russian Empire, before the emancipation of the serfs in 1861, landowners had the right to own serfs to farm their land.
    Those emancipations had more to do with the need for factory labor than pity over slaves.

    Last edited: Mar 26, 2021
    John Schumacher likes this.

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