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Life is the standard by which to judge good and evil | Objectivist

Good investment decision 12 months ago. True store of value any time.

Replying to Avatar Lyn Alden

As developed nations continue to enter sovereign debt crises akin to the 1940s, there are a few main outcomes.

Option 1) In a world without bitcoin, or if bitcoin fails, central banks and their governments recapitalize themselves with gold, devalue the people, and do another cycle of this inflationary policy for the next few generations. The Treasury/Fed handbook literally has a written option for this, although it is stated more opaquely. It can be done in the US (and probably many other countries) based on current laws if shit hits the fan. Denmark's central bank and China's economic ministers have also written similar things regarding extreme outcomes. It's pretty straightforward based on the past.

Option 2) We go into a centralized technocratic future. Centralized AI and CBDCs win. People have cuck money that the AI+government control. It's like Brave New World, 1984, take your pick. Hard to say, but not free.

Option 3) Open source money wins. Bitcoin and its ecosystem win. Governments get defunded from their fiat printers, and have to be more honest with their ledgers or default and get reconstructed since they can't print what their people hold as savings, or in the hegemon's case, can't print what the world holds. Probably a world of chaos for a time during the transition, but also an opportunity for peace and building the next era. Keeping track of the nukes would probably be a big deal, like when the Soviet Union fell. It's actually kind of remarkable that they collapsed economically and politically but in an orderly enough way to keep track of and secure most of the nukes.

I don't know which one will win, but I consider Option 3 to be the honorable method; the path of transparency. That's the one I am rooting for and building for.

If I fail, I would like it written that it's the method I tried for, but realistically the AI+government will probably delete most of the records of all of the failures anyway, since that is how history works, without any sort of objective truth keeper. Our best hope is to hide records in a distributed way and hope they can remain undisturbed for a while. At least bitcoiners have a tendency to write stuff in steel and make low time preference things. Some psychopath will hopefully carve a life work in steel in a cave or something, but who knows, lol.

And ironically, if Option 3 wins, any of the losing factions could still insert their ideas and paths into the Bitcoin blockchain, now or in the future. It's the most immutable database that we know how to build, and would preserve their ideas as it does our ideas. Like, you know what? I *want* the Communist Manifesto to be in the immutable Bitcoin blockchain, because I want people in the future to know how *bad* it is. It might already be in there; I don't know. I wouldn't want people centuries from now to think about those ideas and believe they came up with something new; I want to preserve my enemies' texts because I believe I can win through markets, force, virtue, and truth.

I think that's almost always what determines the winning side. Losers want to burn their enemies' texts to ensure that their good ideas don't spread too much. Winners want to preserve their enemies' texts to ensure that their bad ideas are never repeated.

I am behind option 3. Truth and honor.

I always thought the Big Mac was kind of small. Actually before 1975 it wasn’t!

It’s a simplification to free up the courts. Too much energy to look at every case.

Perhaps if technology improves to a certain point where it becomes simple to determine maturity then this would become more individually defined.

In context, if society does not have a welfare state perhaps marriage is not a misguided requirement, minimizing potential requirement for charity for single parent situations.

There are differences across the world and one can choose to a degree where to live if unhappy.

Replying to Avatar BankSith

“#Bitcoin is going to win.

It's going to win for a very simple reason.

It's not going to win because it's better.

It's not going to win because the banking system is run by gangsters.

It's not going to win because the banking system has spent the last 60 years delivering ONLY two consumer innovations

ATMs and Credit Cards

Then spent the rest of the time trying to fleece you.

The reason it wins is that it allows innovation to flourish.

Every single financial system in the world has a security and trust model that requires excluding bad actors.

Developers can't connect to the VISA network and programme it because doing so would endanger the security of the network.

Developers can't connect to SWIFT because doing so would endanger the security of that network.

All of these networks are designed to be closed because their primary security relies on access control.

Very carefully vetting every single person who has access and touches the code.

Because if they let one bad actor into the heart of the system, that security is gone.

That one bad actor can takeover and do whatever they want.

Ofcourse, in 2008 we discovered that the bad actors owned the banks.

Bitcoin is different.

The reason it's different is not because we've suddenly found the most honest people in the world.

Bitcoin is different because their are plenty of bad actors and the network gets attacked all of the time.

It doesn't depend on access control to remain secure.

It depends on a simple mathematical formula of incentives and rewards.

In order to participate and secure the network as a miner, you have to use alot of computing power and spend alot of electricity.

If you win that competition, you get bitcoin as a reward.

That simple equation creates a system of incentives where its far better to play with the rules than against them.

It's game theory.

Bitcoin is a completely open network.

Anyone can connect to it.

You can write an application right now, connect to the bitcoin network and teach it something new.

You can write a new financial instrument.

When you do so, you don't have to identify yourself to the network, you don't have to get permission from anyone..

You don't have to be vetted.

You don't have to be secured.

The network doesn't fear you because it's security doesn't depend on keeping bad actors out.

Bitcoin works fine with plenty of bad actors right in the core of the system because their is no core of the system.

There is no center.

It's a completely decentralised system.”Sean McNamara via Linkedin

The only thing protecting the banks right now is regulation. Legal tender should not be restricted.

Replying to Avatar Stallion

100%

Awesome anarcho capitalist.

Copy/Paste the skeleton, but change what it’s holding

💀

|{I}\_📸

I/ \

/_ /_

It’s 2023 and Bitcoin is trading at $29,520. We are about to see $30k BTC. Remember where you were.

Sat Sat Sat Sat Sat Sat lalallalaa

There is a chance to save the West from all the crap hitting the fan, and that is true value exchange and storage, in a word Bitcoin.

We here all know the solution.

Timing the market is incredibly difficult.

She was doing for her beliefs irrespective.

Hodl