Oddbean new post about login | logout Daily reminder: there is no such thing as a Bitcoin company (or a nostr company). A Company is anchored in the State and may be called upon at any time to "comply" by acting as a branch of the State (giving up user details, banning certain users/customers/transactions, etc etc). "Bitcoin companies" and Bitcoin can't both survive. If Bitcoin keeps growing, we enter the criminalization phase next. Bitcoin companies will comply with the State or be shut down. "Nostr companies" and Nostr can't both survive either. If nostr becomes large enough, any "nostr company" will comply with the State or be shut down. The biggest lie that Governments like to propagate is that humans can't spread risk and collaborate without registering a Company (or Security) of some kind. We've been collaborating and distributing risk longer than we've been human, there are indeed ways of doing this without the government stepping in to mediate our relationships.
This is correct! Don't particapte in government propaganda. Play silly games, you will win silly prizes. nostr:nevent1qqs8g6vlc9r7t7x4cnucpnpxxq6z2p0r6c7r6axd8lkzg4f6cv0vw5spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygxezxg7xrsqg39egtqwst9dgu9n9tchzajvyf6mac9anymhal2qw5psgqqqqqqs7cc8q3
For context, what country are you from?
One that uses guns to enforce the use of fiat
Small scale or cloud based, sure. Do your stuff without "registering" yourself with any centralized authority. Large scale though, or if what you do has a high level of interaction with the fiat world, it is probably necessary (at least for now) to be a "Bitcoin company" or whatever. The way to minimize the risks associated with that is: 1) Minimize exposure to fiat currencies and legacy financial institutions 2) Decentralize your company (register in multiple jurisdictions), allowing yourself to hop to another country in case things go poo-poo in your "main" jurisdiction
You said it well
So registry with a state apparatus does inhibit you to bend to their will, in one sense. But does the creation of a company itself does this not create the entity that which you the individuals put forward to be recognized as a single direction that many individuals are working towards? I'm still failing to see how a group of people agreeing upon a set of principles and goals together and calling themselves a company stops them from calling themselves whatever they wish. The definition is as follows A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: voluntary associations, which may include nonprofit organizations business entities, whose aim is generating sales, revenue, and profit. financial entities and banks programs or educational institutions Its says both NATURAL AND LEGAL so you can have a natural agreement without any ordained state blessing to be such a company as just an agreement between individuals (as was traditionally the norm before governments ever existed) that can operate together outside of government permissions. So to say that a company CAN NOT exist without the states blessing is a fallcy and a complete ignorance of the history of companies.
It's also just the timing. There were the "internet companies" in 2000s, many died, and eventually all became just "companies". That by itself, doesn't mean that building " Internet companies" is bad. It's bad to have the right product but be too early too.
Cryptoeconomics vibes :D I tried to see whether he has changed his mind recently after done listening to older conferences when Bitcoin wasn't as adopted. He might be right, but he might be not as right.
It needs adjusting as new data comes to light, but that's normal. I think a mesh of Obi's black/white coins and Eric's security model is the correctest way to view things at this point
followed
Daily reminder nostr:nevent1qqstdgzp7yxtms9rl67xzz47u8w65j0a7ywr2wtgkkcztk35vj5gp9spzpmhxue69uhkummnw3ezuamfdejsyg8wd6sn4w07t39x36hekx35lcq55e45qytu2rhz5c20fndftxmwwspsgqqqqqqs3juuy9 nostr:nevent1qqs8g6vlc9r7t7x4cnucpnpxxq6z2p0r6c7r6axd8lkzg4f6cv0vw5spzpmhxue69uhkummnw3ezuamfdejsygxezxg7xrsqg39egtqwst9dgu9n9tchzajvyf6mac9anymhal2qw5psgqqqqqqsky8rmf
There's no such thing as a lightning company. nostr:nevent1qqs8g6vlc9r7t7x4cnucpnpxxq6z2p0r6c7r6axd8lkzg4f6cv0vw5spzpmhxue69uhkummnw3ezuamfdejsygxezxg7xrsqg39egtqwst9dgu9n9tchzajvyf6mac9anymhal2qw5psgqqqqqqsky8rmf
This reminds me of @gsovereignty's note from the beginning of this month: nostr:nevent1qqs8g6vlc9r7t7x4cnucpnpxxq6z2p0r6c7r6axd8lkzg4f6cv0vw5spp4mhxue69uhkummn9ekx7mqzyrv3ry0rpcqygju59s8g9jk5wzej4ut3wexzyad7uz7ejdm7l4q82qcyqqqqqqgkg97zj Freedom tech needs to be completely outside of nation-states' sphere of influence. It's very hard for me to envision a scenario where the state plays ball with bitcoin without co-opting it