[ExI] Why is "cost of living" such a big problem?

[Giovanni Santostasi]

“Legitimate profit arises through production, innovation, and voluntary
transactions in a free, decentralized spontaneous order.”

I find this statement particularly interesting because, in my book *The
Physics of Bitcoin* (available on Amazon) and in my published research in
peer-reviewed physics journals
https://www.sciencedirect.com/science/article/abs/pii/S3050517826000675,

I demonstrate that Bitcoin behaves as a complex, decentralized system
exhibiting precisely this kind of *spontaneous order*.

In particular, Bitcoin's price, network adoption (measured through
addresses), and hash rate all exhibit power-law scaling
relationships—hallmarks of nonlinear dynamics, self-organization, and
potentially self-organized criticality in complex systems.

This leads to a fundamental point I emphasize in my work: *Bitcoin's
economic order emerges spontaneously, from the bottom up, through the
collective interactions of millions of independent participants, rather
than being imposed by any central authority.*

I argue that this makes Bitcoin's price discovery mechanism one of the
fairest and most transparent ways to establish the market value of a
financial asset: a valuation emerging organically from decentralized
interactions, rather than being dictated from the top down.

By the way, in my book, I dedicate a section to how Transhumanism played a
fundamental role in my journey toward understanding and embracing Bitcoin.
I also specifically acknowledge this newsletter as one of the key
influences that first introduced me to Bitcoin as an idea and ultimately
contributed to my orange-pilling process.

Check out also scientificbitcoininstitute.org that is the a non profit
organization that I created last year to study Bitcoin as a complex system.
We just did our first scientific Bitcoin conference at the local Italian
University in Lugano, Switzerland.

Giovanni






On Fri, Nov 6, 2026 at 11:45 AM Henrik Ohrstrom via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> The Extropian Principles 2.5 somewhat mumbles but mostly condemns any
> attempt to make money by hindering other capitalist actors.
> Such behavior is basically centrally planned, authoritarian systems that
> extropians want to move beyond.
> Legitimate profit arises through production, innovation, and voluntary
> transactions in a free, decentralized spontaneous order — never through
> coercion or exclusion.
> "The principle of spontaneous order is embodied in the free market system
> -- a system that does not yet exist in a pure form. We are evolving away
> from tribalism, feudalism, authoritarianism, and democracy towards a
> polycentric system of distributed power shared among autonomous agents,
> their plans coordinated by the economic network. The free market allows
> complex institutions to develop, encourages innovation, rewards individual
> initiative, cultivates personal responsibility, fosters diversity, and
> decentralizes power. Market economies spur the technological and social
> progress essential to the Extropian philosophy. We have no use for the
> technocratic idea of central control by self-proclaimed experts. No group
> of experts can understand and control the endless complexity of an economy
> and society. Expert knowledge is best harnessed and transmitted through the
> superbly efficient mediation of the free market's price signals -- signals
> that embody more information than any person or organization could ever
> gather.
>
> Now, how are Mylans manipulation of government functions to exclude all
> other market actors free market?
> they are actively using government repression to make money. That is
> communism no?
>
> /henrik
>
> Den fre 6 nov. 2026 kl 18:47 skrev <spike at rainier66.com>:
>
>>
>>
>>
>>
>> *From:* Henrik Ohrstrom <henrik.ohrstrom at gmail.com>
>> *Subject:* Re: [ExI] Why is "cost of living" such a big problem?
>>
>>
>>
>>
>>
>> >>…Of course.  No one is restricted from investing in medical research.
>> Medical researchers who find the answer first and best must be allowed to
>> profit from that successful research to whatever the market will bear.  I
>> don’t see any other way.  Do you?  Do share please.
>>
>> spike
>>
>> You are dodging,  what's the extropian view of economic predation?
>>
>> /Henrik
>>
>>
>>
>>
>>
>> Henrik you are dodging.  If successful research is not absurdly rewarded,
>> what keeps investors coming?  Nothing.  They go to other industries.
>>
>>
>>
>> spike
>>
>>
>>
>>
>>
> _______________________________________________
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>
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