What happens when people discover the truth? #bitcoin

Just had a thought. It's a long one so bear with me...

Public goods generally cannot be wholly controlled by a single private company. If people attempt to surrender control of the public good to a single private company attempting to enforce a monopoly on it, the public good will be neglected, other options will still remain on the market (and those able to understand this catastrophe and the existemce of alternatives will patronize them), and the private entity entrusted with sole control over the good will use the inadequacies of its own handiwork as a pretense to get more funding to attempt to "solve the crisis" that it either still believes it can solve or still tries to convince other fools that it can solve.

Government, as I hope is obvious, is the premier private entity whose whole business model is monopoly and promising more than it can achieve, and is predicated on exactly this dynamic.

A pet theory of mine about natural monopoly that I've been developing:

The information and feedback mechanisms necessary to properly manage a resource, if they cannot fit into one mind or one private decision making unit, indicate that the resource cannot be a natural monopoly.

A natural monopoly can only occur in matters such as an owner over its private property, where the economic actor who owns the monopoly has, exclusively, the complete information necessary to direct the resource (property) to its most economical/ethical/important uses. If there is such a thing as authority, this theoretical limit is the boundary of its exclusive domain.

A customer at the grocery store who buys an orange now has sole control of that orange, knows its location in his car and later at home, knows where the guns are in his house for defending his property, knows what he needs the orange for, etc. He knows very little about all the other oranges at the store, which are a different resource, and even less about all the oranges in existence, which the store does not have the knowledge to control either. It would be impossible for this store or this customer to control all oranges. Voting doesn't magically transfer the knowledge either. Each actor controls its resource, but the public good of oranges is not wholly controlled by anyone. #Bitcoin is the same exact way, a public good with a distrubuted and immutable ledger, incentive framework, and verification system that no single private entity controls. Property rights under nature work this way. It is the way the world is. We are actually living in anarchy right now, but most people, even anarchists are deluded into thinking we are not. The government is merely a criminal that results in tremendous opportunity costs versus the alternative of people acknowledging the truth of their limited understanding and that of other people.

This theory of property/natural monopoly usually works out to exactly the kind of private property delineations that libertarians define. Sole ownership of a resource is determined not only by deontological or pragmatic oughts, nor only by the norms that tend to develop in greater degrees of rationality and human capital, but also by the very nature of reality and the frontier of possibilities itself. It is an observation of the Natural Law, the way things actually work as a fact.

#Economics #Monopoly #KnowledgeProblem #PublicGoods #TragedyOfTheCommons #NaturalLaw #Property

After reading many #bitcoin books over a few years which is your favorite?

For me - The Bitcoin Standard reigns supreme

I have started to compile a list of #bitcoin resources - which notable ones am I missing? Go easy, i'm sure im missing lots 😉

Store wealth in #Bitcoin , the virtual gold

So that you can focus more on the real world

#Bitcoin #Keynes #Nostr #Economics #Memes

#Truth once understood can be simple.

It’s the #lie that needs to become more and more elaborate to sustain itself.

Whats the demand for a #travel agent in the #bitcoin space?

I love planning trips and #traveling in general and would love to start making a living through #bitcoin

but

I'm not sure if theres the demand.

Message me if your interested in travel but are uncomfortable or

too busy to plan your next vacation or trip abroad and i'll help you out!

But he understands the importance of energy for the sake of advancing a civilization. Do YOU understand that elementary fact? I don’t think so

5/ Attributing the root cause of climate change to "market-based solutions" lacks nuance. The market is merely a collection of free agents that adapt to the most efficient way of operating in a given environment.

Unfortunately, that environment is currently the centralised fiat system with skewed incentive structures, which is why the current iteration of our market — which is not genuinely free — has adapted to operate most efficiently within that framework.

The “capitalism” or "market-based solutions" we know today resemble communism for the rich and capitalism for the poor. In other words, the word capitalism has been hijacked by those who seek fewer regulations and lower taxes to continue benefiting from the system's inherent flaws. In a genuinely free market, many of these individuals would have to reinvent themselves as their line of work adds zero value to the economy.

Under the fiat environment, increasing regulation and taxes is absolutely necessary, but it's at best only a short-term solution.

4/ However, while many at the forefront of the climate change movement are correctly identifying the symptoms and desperately pushing politicians to do more, many are also falling short of diagnosing the root cause accurately — or maybe they have just become so entrenched in the current system that they cannot see it can be reinvented.

3/ Those at the forefront of the green movement are instinctively correct. They are making the right choice in fighting back against forces that seek our destruction. They rightly sense that something is fundamentally wrong with how we live our lives and the behaviours that are rewarded…

2/ Those who argue otherwise are presenting a straw man argument. For instance, it is an undeniable fact that Earth will be hit by another asteroid in the future. We just don't know when, where, or how severe it will be. Similarly, those who claim the science on climate change is “unsettled” are debating the specifics of "when, where, and how severe," which indeed can vary.

However, it is settled that climate change will have disastrous consequences to the world in one way or another unless action is taken.

The even more ridiculous claim that climate scientists — as if they were one and the same — have “conspired” to downplay uncertainty and exaggerate risk, are apparently unaware of the fact that increased uncertainty equates to increased risk. So, they effectively have a defeater for their own argument.

Climate change is real and it’s caused by the unsustainable living practices that FIAT forces upon each and every one of us!🧵…