Subnostr

Very interested to hear progressive ideas from a finite perspective and real scarcity that bitcoin represents.

Progressive ideas typically come from a place of big government spending and central authorities made possible through deficit spending and reallocation of capital through taxation.

They seem like opposites. How do you envision the two going together?

Trey Walsh 1y ago

Big question! And lots of answers.

1) progressive can mean a lot of things to a lot of people. Also folks from “the left” have a lot of different views as well, including on government size/spending etc.

2) I and many others have a lot of progressive values, including concern for climate change, magazines communities, caring for the poor, community activism, and more. These have many solutions from more than just government.

3) I probably lean more libertarian socialist/progressive. I would be ok with taxation on the rich and corporations, but also cutting government spending on defense, corporate bailouts, etc.

4) bitcoin has a lot of solutions for renewable energy expansion, property rights for everyone (not just the rich), more sustainable funding, potential UBI support (beyond just money printing)

5) progressives historically were deeply anti-war, anti-big bank and corporations, invested in occupy Wall Street and other people orientated grassroots movements. Decentralized freedom money perfectly aligns with that, and I would emphasize their is a huge different between a progressive person and a Politician (of any party)

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Discussion

GrumpyGardener 1y ago

Lol. Most of that sounds like your typical religious conservative. You might be playing for the wrong team 😁. No judgment here.

Interesting take on libertarian/socialist/progressive. Leaving out the progressive label (since the meaning can vary), how do you merge the ideas of Libertarian and Socialist?

Also, how do you imagine UBI working without fiat? Where would that money come from without a central bank issuing money on demand?

Forgive the questions. I just don’t see how most progressive ideas are workable without a fiat currency. From my view, they’re dependent on an economic model that is outmoded by bitcoin.

There are only two modes of distribution for any good or service, price or rationing. Either people bid through price action or someone outside the market divides it and reallocates based on its own discretion.

Being that government doesn’t produce anything, where would they receive the funding for something as large as UBI if they couldn’t print the money?