I've had my accounts frozen before. It sucks beyond measure. Completely unable to transact. Suddenly impoverished at the flip of a switch as if I woke up in a foreign land without access to any banking.
Discussion
Yes, and without a monetary policy secured without the state, there’s no such thing as “permissionless value transfer.” That is what I mean by “it follows” and “it’s downstream.”
You cannot have those characteristics without first securing the money. This is exactly what Satoshi realized which is why when he finally solved digital cash, he first had to figure out how to invent money without the state.
What you bring up follows from exactly what I am saying.
Yes, it's quite a wake up call to those who believe monetary policy is a protection. For those of us who used bitcoin to feed ourselves before any nation (the authority of monetary policies) had decided it was money, a token, a commodity, we were pretty sure on what it was: speech packets and the last bastion of secrets. The fear boys who came in post 2014 all say the same things. They just cannot stand the idea that they are not relevant.
Still not getting it. You CANNOT have trustless payments without a monetary asset that is free of state control. Otherwise all of the plethora of precursors to Bitcoin that didn’t create their own monetary unit would’ve worked fine and we never would’ve needed the bitcoin unit.
Example: the ecash protocol was invented almost 2 decades prior to bitcoin, but what good was it if there was no permissionless monetary base to implement it on.
We are still talking past each other. You keep saying “the web is so important” and giving examples of how badly we need the web. And I am AGREEING with that, but explaining that without TCP/IP the web is meaningless and doesn’t exist.