The Treasury is Running Out of Creditors | The Human Action Podcast
"There is of course an anti-System which is called Libertarianism, which means to tear down everything which creates some kind of influence of government into private lives."
We've agreed on the game, and now the strategic battle unfolds...
https://video.nostr.build/957f39cbc25080b958cf888a2cd3b9bee43275c00e88672d89a2d68452ea7cb5.mp4
The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.
"There is of course an anti-System which is called Libertarianism, which means to tear down everything which creates some kind of influence of government into private lives."
We've agreed on the game, and now the strategic battle unfolds...
https://video.nostr.build/957f39cbc25080b958cf888a2cd3b9bee43275c00e88672d89a2d68452ea7cb5.mp4
nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz article “Bitcoin: The Gold Standard for a Digital Age” republished on ZeroHedge.
“Using physical gold as a medium of exchange is no longer practical in an increasingly digital world.”
Say it louder for the goldbugs!
https://www.zerohedge.com/crypto/bitcoin-gold-standard-digital-age
"What would it seem like if it did seem like a global, digital, sound, open, programmable money was monetizing from absolute zero?"
Defending The Undefendable: The Censoring Miner
My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu
https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner
Bitcoin is built on the principles of free association, and market incentives pushing people into a consensus arising out of that free association between participants. People seem to have forgotten that.
Defending The Undefendable: The Censoring Miner
My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu
https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner
This issue is fundamentally an issue of property rights, specifically the property rights of the individual who is constructing block templates. While many people would construct blocks based purely on financial profit, aiming to maximize fees, it's crucial to note that there are more motivations than this. Moreover, this approach isn't a mandatory consensus requirement within the protocol. An individual may construct a block based on the expected social or psychological profit from their decision. For instance, regarding Inscriptions, one might opt to exclude them from Bitcoin and take steps to censor those transactions from their block template. If enough of the market agrees it could effectively lead to them being deactivated. In a broader sense, someone may act benevolently by crafting a block template that prioritizes low-fee transactions, aiding financially disadvantaged individuals in confirming their transactions on the base layer chain.
Defending The Undefendable: The Censoring Miner
My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu
https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner
What do prostitutes, blackmailers, slumlords, and Bitcoin miners who censor transactions all have in common? What if I told you that they are modern-day heroes of the free market economy, bravely providing their economic services despite facing universal scorn and outlawry?
Defending The Undefendable: The Censoring Miner
My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu
https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner
