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The space is only 15 years old, so EVERYONE is new. I also spent 15 years in politics as a progressive, so I believe that we need governance models that provide the services if this civilization is to survive, thrive and grow. I am not interested in a free market anarchy.

I am also aware that the current revenue generated by Bitcoin mining is nowhere close to the revenue requirements needed for the current US Federal Government or any existing government. The reasons for this are two fold, first the adoption of Bitcoin is extremely low, thus the "price" in fiat terms is extremely low. We have 100X or 1,000X+ to go over the next 20 or 30 years. And second the governments of our nation states are obscenely bloated because they have been designed around fiat and corporate feudalism. It's going to take at least those 20 or 30 years before we can fully hit the reset button. The first time this happened it took 300 years for Rome to fall and then over a thousand years for the market to come back to where it had been. I'm hoping it doesn't take that long this time.

j'ai les clés 1y ago

Okay, so are new to the space. There’s no need to hide it or say “EVERYONE is new”. Not only is that an inaccurate projection, it trivializes the lessons you could learn from others who have been around for a while.

First, let me say “Welcome to Bitcoin, fellow Progressive!”

A few things to know about bitcoin. Any suggestion for a governance model that increases centralization is going to be fiercely rejected by anyone with a passing understanding for the white paper, to say nothing about the numerous examples bad actors whose failures (both before and after Bitcoin’s creation) were a direct result of centralization. Is the only alternative to that a “free market anarchy,” as you say? Certainly, there are libertarians among us who don’t want to cooperate with society or provide social services. But that’s different than insisting a distributed, decentralized, and open protocol network remain that way; else it is not Bitcoin. I encourage you to learn a bit more about the core tenets and values of the protocol and am happy to recommend a reading list.

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Chad Lupkes 1y ago

I've been an investor since 2017, but it's a slow transition. I am not Bitcoin only, and I make equal investments into both Bitcoin and Wall Street, primarily because Bitcoin does not have a revenue stream other than mining.

Everyone is going to bring their own ideas and ideals into this. Some far this way on a spectrum, some far that way. I'm mostly interested in keeping things real and focused on improving people's lives. We don't need things 100% one way or the other, we just need to stay focused on the real goal which is building a civilization that works for everyone.

j'ai les clés 1y ago

Read nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu's Hidden Repression (a short book) which demonstrates that the current system does not work for anyone — especially those who rely on the support of the IMF and World Bank.

I would like to say that I share in your ultimate goal: a civilization that works for everyone. However, I’ve become less sure that it’s possible to achieve. Today, people have VERY difference perspectives on what civilization should look like. This isn’t just an American red vs. blue issue. A global example is Sharia law vs. Western law, which offer very different perspectives on what a ‘good civilization’ means.

You’ll get no resistance from me on holding a diversified portfolio that includes US equities. Row your own boat. It’s up to each investor to determine their own risk tolerances and outlooks. Maxis who demand 100% allocation to Bitcoin for themselves and others are zealots, not investors, and mostly do not yet have enough life experience with regards to liquidity preferences on various time horizons, financial engineering, capital management, or reserve assets, in general. Do what works for you.