"The Natural bedfellow of a fiat economy is a dictatorship. The natural bedfellow for Bitcoin is a democracy, a participatory democracy, because Bitcoin at its essence is a system of participatory grassroots democracy"
- Daniel Batton
Great quote from a great chat on Bitcoin Audible Chat_137. Shoutout nostr:nprofile1qyfhwumn8ghj7ctvvahjuat50phjummwv5q32amnwvaz7tm9v3jkutnwdaehgu3wd3skueqqyzu7we2xhgry2mknq8v7227yn7jguu9xhu3g90n6rtnjj3mpyq3ackdvvhl and Mr. Batton
democracy is dog shit
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Democracy is a terrible way to make decisions. Thankfully, Bitcoin is anything but a democracy: 1) Its users, at least at this stage, are the opposite of the democratic "masses" in that they are naturally selected for intelligence and understanding of important economic concepts (and those selected individuals will become an elite in the future, and fully deserve that status); and 2) It is ruled by immutable code, and its consensus is derived, not from easily-manipulated and dull majorities, but from mathematically-provable truths.
