Today’s #Bitcoin decision will usher in a new economic era.
No one can predict what the outcome will be, but it’s safe to say that many people will be having new conversations for the very first time.
Let’s support them and show our best selves. Whatever their background, whatever their knowledge level, new Bitcoiners of all stripes should be welcomed. https://image.nostr.build/4f085f679a62f1f03b0db650d6792ce53d1e5577df48b9ce422814f968491523.png
Hermann-Hoppe, in “Democracy — the God that Failed,” openly advocates for PDAs to destabilize and even attack nations in order to destroy their monopolistic competition.
Yeah, I think there’s some tension here. We tend to say we are against any form of physical violence. But then restricting access to resources can be interpreted as violence in the physical realm. “Threatening our way of life” is another gray area. So I can see a situation where a group feels threatened in a way that could prompt an attack from a PDA that claims to be nonviolent.
The revolutionary generation, who experienced coercive taxation, will be able to distinguish that from voluntary payment to a collective caretaker. However, after a few generations, the distinction between voluntary taxation, which has now become rote, and traditional “government” taxation will be gone. Many people will be living under a government they call by another name. I see the ancap future as very important clearing of underbrush, but a totally new way of being. We do tend towards at least a little government.
I’m taking the approach of what is, less what should be. Historically, we always tend towards some taxation. I’m not convinced we will avoid this pitfall through competition, so sadly we must put some work into what and how much
Thanks for this! Help me out, I’m trying to learn here. These two quotes don’t seem opposed to me. The first describes the marginal theory of value, the second describes how an economy that allows for credit tends to centralize.
The second quote is for sure what happened to ethereum. But I’m reading from this that any credit, even a loan secured with bitcoin, would eventually lead to centralization. So are we saying only payments, no lending or borrowing?
Oh I see, they are quite different that way. Thanks for the link - you’ve genuinely piqued my interest on this question, and I’m sure Lyn will help me understand.
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