Yes, true on every continent right?
I don’t have a solution, but just going with “property rights” when much of that property was taken by force or by manipulating the current fiat system… propagates the injustice. To take an extreme, should property rights protect the Putin and the oligarchs, or other authoritarian leaders?
Again, don’t have a solution there..
Well the more I study the Austrian school, in relation to property rights, if you take the right to private property as the cornerstone of the most efficient capitalist economy, actually what we witness, is abuse of those rights
Russia is a good example. Violence, or threat of violence, is regularly used to coerce the corruption of property rights
Indeed, with this lens, it’s really only Bitcoin that has perfected the concept of non-violent uphold of private property. The cost of attack, vs the cost of defence, are totally flipped around
Yes sort of. There is no capitalist economies acting without government and oligarchs influence- is it even possible?
While Bitcoin has some opportunity, it largely operates under KYC regime and country tax programs.
Do you see a path for that to change on a country and global scale? Will power give up power?
Power will never give up power, but incentives alter everything
I would argue kyc doesn’t matter all that much if Bitcoin means you’ve just become richer from a purchasing power perspective
A growing block of voters, participants, with increased wealth and therefore power
But the key being that it’s not stored in gold, which is so easily taken by force, but by a seed phrase you can carry in your head
So the incentive in the future is to provide value for my wealth, if you kill me, you kill the wealth
So Bitcoin in self-custody trumps all other models of private property from the past
Fascinated to see how it chages things
Smaller city states? Less centralised government? Fewer military?
Anything is possible really
Sick pedophile. People will learn the truth about you eventually.
