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A motte is a stone keep on a raised earthwork common in early medieval fortifications. More pertinently, it's an element in a rhetorical move called a "Motte-and-Bailey", originally identified by philosopher Nicholas Shackel. It describes the tendency in discourse for people to move from a controversial but high value claim to a defensible but less exciting one upon any resistance to the former. He likens this to the medieval fortification, where a desirable land (the bailey) is abandoned when in danger for the more easily defended motte. In Shackel's words, "The Motte represents the defensible but undesired propositions to which one retreats when hard pressed." On The Motte, always attempt to remain inside your defensible territory, even if you are not being pressed.
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AIUI it’s largely getting used as a store of value by workers in high-inflation LatAm countries as a way to store their earnings that won’t halve in value every [time interval] due to the government constantly devaluing the currency.
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AIUI it’s largely getting used as a store of value by workers in high-inflation LatAm countries as a way to store their earnings that won’t halve in value every [time interval] due to the government constantly devaluing the currency.
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