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Des Imoto マキシ
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Bitcoin is the only chance we have | Toxic Maxi | Anarchist | Voluntarist | #Bitcoin | #Plebchain

I’m a little worried about #Bitcoin adoption. Am I alone? Seems like a general loss of focus. A lot of L2 distractions, borderline shitcoining? While there are only 18,000 nodes. Mining is moving to centralization. I do not see the scaling issue in my transactions, am I missing something? Missing the Forrest for the trees?

I think the most important thing is decentralization. Everyone should have a #Bitcoin node (and maybe a mixer :)) and a solo miner. Keeps the network strong and transaction fees low. Just like the early computers were hand assembled and complicated in the 1980s, similar to the nodes and solo miners today, someone will create a beautiful device that’s simple to use. All integrated including as a payment capability. That’s where the future lies imho.

Complement the USD? Now why would he say that? If you want to pay for something and you can just hold up your QR code, why would anyone go through the friction, cost, steps, surveillance and risk to filter through the USD?

💯agree. Do you really think we‘d still be flying around in 1940s technology if it weren’t for subsidizing and bailing out companies like Boeing with trillions of printed money? If, like under a #Bitcoin standard, there were consequences for bad investments, those trillions would have been invested in those innovations with the highest rate of return. Perhaps we’d be flying around in individual drones? Instead of being stuck in traffic. Scarcity leads to abundance and innovation. Because their are consequences for bad decisions and corruption.

Of course, under a #Bitcoin standard then, the excess capital from savings on existing goods and services is used for more innovation at an accelerated rate(priced at premium), art, wellness and architecture etc, resulting in a beautiful world of abundance and peace.

Agree. Plus, these are manipulated trickle down price increases of goods and services resulting from inflating the money supply earlier. Plus, what is often ignored is, it also eats up productivity increases resulting from innovation. Which is commonly assumed to be 6% per year … which should result in trickle down price decreases of the same amount.

Adoption. Taking out all the fraud and speculation, and assuming, for now, the #Bitcoin/USD exchange rate is a proxy for adoption, Bitcoin is going parabolic.

Money has to be all three to be immutable: MoE, UoA and SoV. It’s clearly also the design intent: a peer to peer electronic cash system. The reason Saylor and the establishment want to corner #Bitcoin into “property” is to move it into the tax and regulated realm. To make it track and traceable.

IMHO we can’t vote ourselves out of this, a couple of thoughts by other people:

H.L. Mencken explains why democracy is doomed in 10 points:

1. People don't want freedom but safety: "The average man wants the peace of a hog in a comfortable sty."

2. Democracy INTENSIFIES groupthink: "Democratic man is quite unable to think of himself as a free individual; he must belong to a group, or shake with fear and loneliness."

3. Democracies are plutocracies; they're run by the aristocracy of money. But the plutocracy "lacks all the essential characters of a true aristocracy: a clean tradition, culture, public spirit, honesty, honor, courage—above all, courage. It is transient and lacks a goal."

4. The plutocrats lack "an aristocratic disinterestedness born of aristocratic security." He submits. He can be bullied and broken.

5. Democracies birth their intellectual apologists - Mencken calls them "pedagogues." These are not genuine thinkers; they’re "men chiefly marked by their haunting fear of losing their jobs." This describes most journalists.

6. Democracy is anti-excellence. Freud said we repress our sex drive as it’s frowned upon...but there’s nothing that democracy frowns upon more than a CLEAR proof of superiority. Democracy says "the most worthy & laudable citizen is that one who is most like all the rest."

7. Mencken explains how this era demands we repress our greatness: "A man who has throttled a bad impulse has at least some consolation in his agonies. But a man who has throttled a good one is in a bad way indeed. Yet this great Republic swarms with such men, & their sufferings are under every eye."

8. Mencken on the two worst crimes in a democracy: "There is only one sound argument for democracy, and that is the argument that it is a crime for any man to hold himself out as better than other men, and, above all, a most heinous offense for him to prove it."

9. Mencken: "The democratic politician, confronted by the dishonesty and stupidity of his master, the mob, tries to convince himself and all the rest of us that it is really full of rectitude and wisdom." To gain power in a democracy, men sacrifice their self-respect...

10. Mencken believed democracy will cancel itself out: "Democracy may be a self-limiting disease, as civilization itself seems to be. There are thumping paradoxes in its philosophy, and some of them have a suicidal smack."

-a tweet from @oldbooksguy