TRUMP: "Maybe we’ll pay off our $35 trillion debt by handing them a little crypto check, handing them a bitcoin"
I don’t think you can place Bitcoin as a technology into Sowell’s model. People, yes.
What the ideas are of a Bitcoiner with an unconstrained vision, though, is an interesting question. I don’t think it’d as simple as laid out in your comment.
If you ask me, the people pushing for centralization via publicly traded mining companies, ETF bag-pumping, or US gov’t bag pumping via a strategic reserve, more closely hold the unconstrained vision than those of us who are skeptical of centralized power.
Willing to debate that point.
It’s all trade-offs toward promoting freedom tech.
Not a good take.
https://bitcoinmagazine.com/culture/occupy-bitcoin-bitcoin-is-not-just-libertarian
As a political philosophy, libertarianism says nothing about respecting others' views and lifestyles -- let alone celebrate and cherish stupidities and absurdities. It certainly doesn't prescribe us to live and let live.
It says we MAY NOT USE VIOLENCE (= esp STATE coercion) to enforce beliefs we may have onto others.
It doesn't say I have to be nice. It doesn't implore me to be compassionate. It doesn't mean I have to respect and allow into my home dispicable and degenerate shit.
I can insult you all I want. I can refuse to engage with you because you're ugly, vegan, "autistic," or believe that Bitcoin is compatible with leftism. I can ridicule your pathetic ideas or lifestyle, in public or in private. I can tell nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde off for thoroughly misunderstanding what libertarian means or what its philosophy or ethics prescribes, or nostr:npub15dnln6cukw3yrflnv3hnrntdt9amh0uw466u6tns05ymqp3nal4qzz3lfc who certainly should know better.
Libertarianism is a non-smart contract: it asks about physical violence, initiation of force, and state power. Nothing more.
The rest-- religion, etiquette, values, behavior -- it relegates to a social level.
Living in harmony with others doesn't mean to embrace any odd retarded thing they do or say. it means to NOT throw them in jail for it
#bitcoin #polecon #polstr #bitcoinmagazine #freedom #libertarianism
nostr:note1as4a56czrpzw9cs7gkpeqckxhx7sn36ct5nsw6f9p25qz7q9cjds4vka5m
This is all just narrative policing. Reminiscent of the “thick” vs “thin” libertarianism debate from a while back.
(Lol btw I can see you’ve read Hoppe)
I’d agree that the definitional understanding of libertarianism in the article is flawed and doesn’t get the broader point. Folks want harmony and tranquility.
But it’s also true that negative reactions and increased hostility will put off many people to some of these ideas, whatever good it may do them, purely based on how they’re treated.
Ultimately, the question of government power for most people just isn’t how they view the world. It will take time, but they will understand if we give them room to change their mind.
It’s the ultimate paradox: libertarian ideas are the best for humanity to survive and prosper, but many messengers of these ideas often do more harm than good in representing them for public consumption
"The actions of a massive portion of the active community, at least online, act in complete contradiction with the principles of libertarianism. Freedom, liberty, and voluntary interaction. Many rightwing or libertarian Bitcoiners encourage the exact opposite of that, they bully and intimidate and push people to adopt their worldview."
Obviously the pareto principle (80-20) applies here.
I was part of the "libertarian" wave of bitcoin in 2013 and today, we're mostly focused on topics other than thought-policing the values of other bitcoiners.
Real libertarianism respects different views and lifestyles, and in fact is supposed to wholeheartedly respect and defend the right to do things in your own way as long as you don't hurt other people.
If there is some online reactionary movement, it is people who generally view bitcoin twitter/nostr as a sport and they don't really understand nor live the principles.
You made that latter point, nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde, so I agree with you.
A necessary article, though it should be targeted at the few rather than the many.
Live and let live, laissez-faire.
https://bitcoinmagazine.com/culture/occupy-bitcoin-bitcoin-is-not-just-libertarian?new
is a proton visonary account worth it if I've got a bunch of domains?
a bit tired of messing with STMP issues and errors on other sites
Did everyone just give up on the shielded transactions of zcash?
When I used it back in 2016 or so, the zero knowledge proofs and the shielded addresses made it really interesting (especially as it was forked from Bitcoin).
I just haven’t seen the same amount of decentralized or autonomous development since they have these foundations that get a cut of the block reward…
Good points.
More broadly, my greater fear is that such a “reserve” would enable and advance civil forfeiture of bitcoin at an unprecedented rate, as there would be programs and policies in place to more adequately “HODL” these assets, even when police actions may have nothing to do with bitcoin.
Civil forfeiture is a civil justice issue that hasn’t yet been addressed meaningfully in any state or federal legislation, and will only ramp up if agents and police know that Bitcoin is now fair game.
At the same time, I can absolutely see the usefulness of a government or central bank adding BTC to their portfolio, but this would only empower the federal gov’t with more power than I believe they should have (obviously spoken as a classical liberal).
I could also see KYC/AML laws being ramped up as a “responsible” measure for more inclusion of BTC into the financial system, which I believe would be harmful to many people across all layers of society.
Using capital — political or otherwise — to get people to support a federal government “reserve” of
Bitcoin (based on money stolen from people) is not effective policy activism for freedom tech.
It’s virtue signaling, harmful to individual and economic liberty, and creates a forever-bad incentive that temporarily pumps bags while sacrificing separation of money and state.
Mr. The Daniel, u are correct
on this day 12 years ago, I asked Sen. John McCain about the military industrial complex
https://www.youtube.com/watch?v=fY16rWs-GYw
Very good point. Childhood stability is a huge benefit to ownership
There are better options that preserve your economic freedom and champion financial sovereignty that don't include your government buying a lot of your coin.
at least in cities where I live, the monthly maintenance costs of ownership (being an apartment in a building) are actually quite high as well
Bitcoin Strategic Reserve enthusiasts prefer pumping BTC price over actual liberty.
A reserve promotes confiscatory policies and obliterates separation of money and state. Bitcoin is for the people, not governments.
WSJ gets it right. It’s not good policy.
nostr:note185qtn6hhjvpt04lxdt0w0sj3lz0tnme3ymchvyatznakvefh78espc7p66
How do Bitcoiners view the RENT vs. BUY calculation?
I live in a city with a sclerotic real estate market, and unreasonably high downpayment requirements by law, so renting has always made more sense....unless we can put BTC down as some kind of collateral in the future.
'The White House is coming out in favor of “open-source” artificial intelligence technology, arguing in a report Tuesday that there’s no need right now for restrictions on companies making key components of their powerful #AI systems widely available.'
https://apnews.com/article/ai-open-source-white-house-f62009172c46c5003ddd9481aa49f7c3
This is...actually good policy on technology, which one cannot say often on the current admin. GO open-source
nostr:note1qnd08z4r7g7uef6n53vj0q628uqxasl5c3neqtzs4hvc2vp4sh8qj0vxlp
random “YouTube to mp4” website would allow you to download the file. No trusty first source, you just have to duckduckgo around
Or just the rumble link. Depending on the client, it should also provide an image preview, but won’t be natively embedded