Subnostr

If property rights, division of labour and low time preference are the fundamental principles required for civilization then it is self evident we must reinvent the current paradigm.

An 4 year election cycle creates an environment of high time preference as a society.

Centralised authority claims rights over property in many ways.

If that means 2 of the fundamental pillars are corrupted, are these the required targets for change? Decentralised money obviously improves property rights from the perspective of store of value of expended human energy and bitcoin allows that value storage, and projection over space and time. This doesn't target other property rights though. Lowering time preference in election cycles can only be carried out through increasing the time of any government which would exponentially increase the potential for corruption through entrenched systems. The only conclusion is that any large centralized system is counter to the idea of improvement in the quality of "civilization" over time with regard to improvement of "the human condition". Still trying to visualize a system of decentralized anarcho capitalism and how this disrupts those corrupting paradigms. Just looking at the squabbles in my local community, there has to be a very well structured system of incentives and disincentives to align individual desires into cooperative groups.

Maybe this rainy day is a good day to sit back and contemplate!

jimbocoin 🃏 1y ago

The key feature that #Bitcoin introduces, from a centralized government perspective, is unconfiscatability. The legacy system depends on threats of violence to extort tribute. Pay your taxes or die. Use our debasing currency or die (legal tender).

Everyone lives in fear, conscious or subconscious, that they might have their property, funds, livelihood confiscated.

In Bitcoin, ownership is knowledge. You either know the keys or you don’t. An assailant can still kill you, but they’ll never get your Bitcoin.

This has no impact on existing property rights—that is, property rights under the legacy law system. But it introduces, for the first time, sovereign intellectual property. A superior form of property based solely on exclusive knowledge.

The farmer can’t flee and take the farm with them. But now anyone can flee with their Bitcoin in their head. Governments must compete for subjects who can at any time leave, taking their wealth with them. Rule by fear of coercion is no longer tenable.

It will take time for everyone to figure this out. It won’t be overnight. But the anarcho-capitalistic organization is the natural destination. Territories who treat their citizens best will attract and retain them. Those who rule by fear and coercion will bleed away their most talented people.

Final thought: people worry how things will work under anarchy. We have hints already today. There are more people employed in private security than there are in police work. Most legal disagreements use private mediators rather than the public courts. Private schools exceed public schools in quality, etc.

For every “public” institution, with the possible exception of national defense, there’s a higher quality private variant already in use. Degrees of usage vary case by case.

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Discussion

El Guiri 1y ago

I think agreement on all counts. Maybe it’s simply trying to envision a level of cooperation considering what I see within just local associations. At the same time, much of the irrational action I see within these small groups may evaporate under a hard money system as I get the impression many poor decisions around me are based on high time preference and petty local corruption for perceived financial gain.

Fascinating times eh!