The State always grows. Participating in the democratic process only empowers it as devotees reward it through votes in exchange for entitlements.

Bitcoin challenges the State’s most treasured privilege: **the ability to finance itself through inflation and seignorage**, as well as other repressive tools a large fraction of the world lives under - **capital controls** and **local exchange rate manipulation**.

This predictably enraged the State-dependents.

It is no coincidence that Bitcoin’s most hysterical critics overwhelmingly benefit from the state:

- academics, beneficiaries of the rampant government-guaranteed student loan bubble

- (ex-) politicians, who always turn their political clout into personal wealth

- journalists who were disrupted by the internet and reduced to simply peddle State messaging

- economists, forced to peddle Keynesian narratives for grant and tenure

- an excerpt from the 2-minute version of A Most Peaceful revolution, originally posted at

https://2minutebitcoin.org/blog/bitcon-a-most-peaceful-revolution