1. Bitcoin
2.????
3. Freedom
I see this thinking everywhere. The British Empire was one of the most oppressive governments in global history and ran on the gold standard.
Hard money doesn't magically cripple governments. It's just a tool we can use to save enough money to fight back if freedom is valuable to us.
If all the bitcoiners use their new found wealth to beg to be ruled by authoritarian dickheads, we would have been better staying on fiat.
I think Saifadeen is probably to blame for this particular magical thinking being so entrenched. I fell for it too for a bit.
Gold is easy to centralize and control. The only way Bitcoin works is through decentralization and collaboration.
At that time people literally handed pieces of gold and other metals back and forth in person like paper cash today. Only larger transactions were handled by banks and checks.
Good theory but it doesn't fit the history. The reality is fiat printing is only a small bit of government revenue easily covered by more taxes unless we fight.
They did, yes. But that stopped being viable after the beginning of the industrial revolution when our population growth far surpassed the amount of gold available. The price of gold per gram right now is $106.68, and the price of silver per ounce is $36.84. Makes it hard to buy coffee or make change with those.
The printing of paper currency is a fraction of the total circulating supply. The bulk of fiat is in debt instruments. Can't really buy coffee with those either. With Bitcoin you can handle transactions of any size.
Humanity has been at peace for a very small fraction of the time over the last few thousand years. Fighting seems to be all we really know how to do.
#2 isn’t unknown, people have speculated bitcoin minded voters will lead to more freedom leaning policy and/or that wealthy bitcoiners can flee a bad situation (taking their tax capital and investment capital), triggering government competition for this high flight risk capital. I’m sure there’s other posited mechanisms.
Just watch how people talk about Bitcoin and freedom. No concept that they will still need to fight for their freedoms. People here on nostr have told me more than once to just buy Bitcoin if I was mad about a particular government overreach.
I'll never convince you as well as you could be convinced by simply having the idea and watching what people say.
