Tim Bouma

Niklas Luhmann characterizes money as a medium of communication within the economic system in his social systems theory. In his framework, money serves several key functions that facilitate the reduction of complexity and the stabilization of economic interactions. Here are the main points of Luhmann's characterization of money:

Niklas Luhmann, a prominent German sociologist, developed a comprehensive theory of social systems, which includes a nuanced view of trust, particularly system trust. According to Luhmann, trust is a mechanism that reduces the complexity of social interactions, enabling individuals to cope with the uncertainties and risks inherent in these interactions.

The late Sixties and early Seventies was the best time for governance theory.…

'One cannot trust a sovereign.' ~ Niklas Luhman, Trust and Power…

This book, by Niklas Luhmann, originally published in German in 1979 is blowing me away with insights of money, time and trust. If you are the business of understanding #bitcoin in relation to trust and power, this is a #mustread…

There's really no need to convince anyone when you know how compelling the protocol is. Just build. #nostr #cashu…

'Do we trust the chemist, doctor, assistant or is it the medicine, science or technology?' ~ Niklas Luhmann, Trust and Power…

Ibuprofen FTW #sorehip…

'Anyone who has money has at their disposal a generalized means of solving problems.' ~Niklas Luhmann, Trust and Power…

'Liquidity reduces the need for information' Niklas Luhmann, Trust and Power…

WTF…

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