Why so many authoritarian-friendly bitcoiners?
Discussion
SUITcoiners.
At this point in time itβs taking leaders with hypercentralized power to implement the option of bitcoin. The same reason companies led by CEOs with majority power over the company are able to pivot into bitcoin more easily.
Iβd guess many bitcoiners expect that bitcoin in the hands of the people will eventually erode the powers of the ruling class, the Trojan horse meme β
High time preference, got it.
Itβs not my position personally, Iβd rather have had slow and steady grassroots, but now that I see retail struggling to not panic sell their 0,05% allocation, maybe it has to unfold this way. Would be really cool to see the strictest regimes fall because they opted into bitcoin.
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.
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 isnβt 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. Iβm sure thereβs 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.
People who aren't authors themselves tend to love authoritarian rhetoric π€·ββοΈ Go figure.
Curious about this, because I thought they were so pro freedom, open source, permissionless,
Moar boot stomping! Close all the borders! Throw βem all in the gulags! Govern us harder, daddy!
