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Contributing to the Bitcoin Breakdown newsletter

If a man's education in the social sciences does not involve helping him understand the difference between 'Government' and 'Law', it is no education at all.

It is indoctrination.

Government doesn't destroy through incompetence and corruption. It destroys through theft and coercion. It is anti-thetical to civilization.

Private sector is not about maximizing profits, but satisfying the demands of the market. Profits follow from that, and even then not always.

When they use the monopoly powers of the government to maximize profit, write regulations to keep competition out or destroy them, set preferable prices, write favourable tax codes through accounting deception, get bailouts and artificially cheap credit is when they start lying, poisoning, fattening and addicting.

The US doesn't do everything based on profit. It's not a market economy based on the rule of natural law anymore. Maybe it was to a certain extent long, long ago.

They do everything based on power. It's regulatory capture through the monopoly power of the government, not profits through productivity and captial accumulation that come from market demand and savings.

It's always up to the consumers to determine what's best for them and the businesses to serve them.

There are those who get fat, sick, depressed and deep in debt and those who stay fit, healthy, happy and financially well-off.

Healthcare has been captured by the regulation. Food industry has been captured by regulation. Social media has been captured by regulation. Anyone who tries to provide services to those who demand better healthcare, food and communication will be destroyed by existing cronies through regulation. It is the involvement of government in these industries that is at fault.

It's not the business of the law to set lifestyle standards.

The law should bother itself only with the protection of natural rights. And the government shouldn't make law but enforce it.

But having a monopoly of violence, they can't and won't.

We don't need to restructure industries or civilization.

We need to destructure government so that civilization and industry can restructure itself.

Separation of money and state ought to happen before any of that, because fiat money is the root of most evil, of which the corruption of law is the most insidious one.

nostr:naddr1qvzqqqr4gupzqt0ql7s2cg6l7306fn9egnxn7vlhnl6ay870jhcplx23dwmtkukvqq2k6e6vd9zy24rkg3x5xnjvx9yycurg0p492uz349c

And then people consider bad things to be good.

Utter distortion

Productivity is a function of how much people want goods and services to be produced. It's possible that prices and time preferences go down on a bitcoin standard but not an inevitability, since all individuals have differing ends and means.

We need a free market in money and interest rates. Those who use the best form of money and use credit responsibly will be rewarded accordingly.

It's not immediately obvious how they work. It requires reasoning and understanding of how human action works.

Those who rely strictly on statistics to inform their economic views will find it especially difficult.

One of the main gripes that people have against privatisation of public services is that they think the prices of the service will go up if it is given to private players - the affordability argument.

In response, you say that the fault is with fiat money and the conversation barely progresses further.

I was never aware of him or his opinions, so I was going through Charlie Kirk's Instagram reels to get up to speed. This is easily my favourite:

https://video.nostr.build/af1ddec96d2dd59f83222f6825d7159b6df520c6d437ba44c8065912a8a94bdb.mp4

https://www.instagram.com/reel/DOypDOOiWWF/

'The Fallacy of the “Public Sector”' by Murray Rothbard

https://oll.libertyfund.org/pages/rothbard-on-the-public-sector

Replying to Avatar Bitcoin India

Bitcoin’s resilience goes beyond traditional internet infrastructure. Projects like nostr:nprofile1qqsfy229w70e8lgtxavlz9t78k06yrel6fxyhreteafqet8kfxhhwmgpr9mhxue69uhhqun9d45h2mfwwpexjmtpdshxuet59uq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5uzhxm7 Satellite enable the Bitcoin blockchain to be broadcast worldwide through satellites, allowing anyone to receive transaction data without relying on local ISPs or government-controlled internet access.... This satellite technology ensures that #Bitcoin users can maintain censorship resistant communication globally, even under restrictive regimes or network blackouts. Combined with other decentralized connectivity methods like mesh networks and radio transmissions, Bitcoin’s design empowers financial sovereignty and freedom by enabling transactions anywhere, anytime—outside the control of centralized authorities 🧡🧡..

#Satoshiisafukingenius

I'm aware of Blockstream's satellite, yep. Would be a compelling point if there were multiple satellite broadcasters than just Blockstream.

And afaik, you can only download data from it. You can't broadcast your transactions to it without sn internet connection.

Also, they don't broadcast to India.

Simple*

And I think PTLC's require things added during the Taproot upgrade to work as well

If I were to convince a Bitcoiner to embrace Libertarianism, this is an outline of how I would do it:

The Bitcoin network is not fully resistant to censorship as long as there's a government monopoly in the regulation of the provision of internet services.

An ISP is legally bound to block off your internet access if the state orders it to.

Spectrum is considered a public good that everybody owns, in theory.

The state owns all of it, in practice.

By 'own', I mean that the state has the ultimate say in the usage of spectrum and the ends towards which it is used.

Ownership rights in spectrum is inevitable and necessary since there exists scarcity and conflict regarding its use.

However, no homesteading or first appropriation was involved in government ownership of spectrum.

A law was written and passed, after which the started owning all of it, by fiat. (Whether this was done democratically or by other means does not matter. Fiat is fiat)

The state then leases out the spectrum to ISPs, through auctions.

You'll also need to procure the mandated licenses to set up an ISP.

Hence, a libertarian legal order which enables the provision of internet to become fully privatized is necessary for Bitcoin to become truly censorship-resistant.

Being drawn to something that posses you of is.. fascinating 😂

Black holes were interesting to me because of the singularity.

But what has really spooked me is concept of infinities. The infinitely large and the infinitesimally small and the infinites in other measurements of the natural world, like heat, gravity, mass, etc.

My brain couldn't comprehend them when I first thought about them. Had to acknowledge the fact that natural sciences have its limits.

"Donald Trump Is Not the Bitcoin President

He’s the stablecoin president, seeking to expand the monetary power and borrowing capacity of the U.S. government."

by Alex Gladstein

https://reason.com/2025/09/12/donald-trump-is-not-the-bitcoin-president/