Nostr Web Client

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..

Jake Woodhouse 2mo ago 💬 1

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

Reply to this note

Please Login to reply.

Discussion

RobOK 🔸 1mo ago 💬 1

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?

Jake Woodhouse 1mo ago 💬 1

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

NowClip 1mo ago

Sick pedophile. People will learn the truth about you eventually.