Well, if you start issuing tokens & you lock people in a building & require them to pay you tokens to get out, people may trade the tokens. But most things that have served as a MoE with any significance either had value or utility themselves or they were fiat tokens that could be converted to & from dollars or some other thing of value. The convertibility is generally the key to establishing a network & to getting people invested so that the value they are storing in a particular MoE can be harvisted. The entire fiat scam depends on people treating the tokens as a store of value in some form or fashion. Same with shitcoins that promise to be the next big thing. And it's ridiculous to say that shitcoins or even the fiat in most tiny countries qualify as a MoE but bitcoin doesn't when many billions of dollars in bitcoin trade hands every day. I use bitcoin as a MoE all the time. I have never used shitcoins as a MoE nor most fiat currencies.

Yeah, it's more energy dense & cheaper to make (given the availability of viable waste products) & easier to store. It's better all around IMO. The negatives are the engines are generally heavier & more expensive which is probably the main reason gasoline vehicles became dominant. But technology has brought weight & cost down pretty dramatically & gasoline engines are moving to direct injection like diesels anyway which removes some of the cost benefits. From what I understand there is a portion of crude oil that gets distilled into gasoline either way, so gasoline engines probably aren't going away either, but diesels with mechanical injection will run on pretty a wide range of stuff.

Monero is the least shitty shitcoin. But I think it's a mistake for anyone to be buying & holding Monero because privacy problems are being solved on Bitcoin & I think Monero's scaling problems are worse, & the opportunity cost of holding anything but Bitcoin is really high.

Medium of exchange is not something that can stand on its own. The dollar HAD to be bootstrapped with gold & with sound monetary policy, without that it never would have become a dominant MoE. The dollar's current lack of sound monetary policy, its inability to store value, is the reason it is falling out of favor as the global MoE. Bitcoin's value & ease of use on secondary layers basically makes global MoE status a very likely probability. Economic laws just aren't negotiable things. In the long run it doesn't really matter what govts or any of the gate keepers want, capitulation is inevitable.

"Only money launderers, drug dealers, & terrorists use bitcoin."

Joke's on you, I'm into that shit

#bitcoin #agorism

Sound money that cannot be censored, impossible to censor news/social networks, widespread access to tools for personal protection, widespread rejection of centrally controlled education... Once we have tools that make it easy to be extremely productive & still avoid paying taxes without much risk of reprisal then we will be well on our way 🙂

Gradually & then suddenly, IMO it's closer than most people think.

👀

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It's definitely debatable, but I tend to agree that mini-monarchies that have to compete with each other would probably be better than the super States we have now.

$11.50 per lb for grassfed ribeye here. The grassfed ones are a bit smaller than what I think is ideal, so I mix in some of their thicker cut ribeyes that are grain finished, & I think those are $13 per lb. They have chuck & sirloin for less. The pork also seems to be high quality, I don't want it every day, but it's very inexpensive. Tuna is like $1.30 per can for white albacore. One of their pasture raised egg brands is the best I have found anywhere. I have a couple local places where I can easily get eggs, but the Aldi eggs taste dramatically better. Their "friendly farms" whole milk yogurt is great too.

Monarchy - one ruler

Oligarchy - rule by a group

Minarchy - small govt or limited rulers

Anarchy - no rulers

Worth pointing out that this model solves more than just cart return issues. It also dramatically reduces the chances of you getting a bad cart. The flat spots & damaged wheels generally come from many carts being pushed back to the store in a long train that has to be steered by dragging carts sideways to bend the train.

I love Aldi. Best steak both in quality & price. Takes no time to get in & out. I rarely shop anywhere at peak times though.

The idea of using a small amount of collateral could theoretically be applied in other ways. But it's proof that govt threats are not needed to make society function even with lots of crappy people.

Aldi's cart system generally results in all carts being returned. It is free to use, but requires a quarter as insurance against the cart being left in the parking lot. If you have an emergency you can leave it, but it will cost you a quarter & someone else will have a small incentive to use your cart & return it. In practice, people also tend to be fairly generous & leave their carts in the stall with quarters still in them for the next person.

The goal is for society to be structured in such a way that good things are accomplished whether people are good or not.

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How long do you think that lasts? If everyone wants it then eventually you will have to spend it in order to get things that you want. The more people who want it, the less sense it makes for them to accept anything else. What you are describing is just a bootstrapping phase.

Okay, money IS a form of property. The process of a thing becoming the dominant money begins with it becoming a store of value, then it becomes a medium of exchange, & then a unit of account. This is happening in different stages for different people all the time. For the majority of people bitcoin is still just a store of value, but the best store of value, (without major obstacles to exchange) will generally become the means of exchange & then unit of account. There are already many of us who are using it as a means of exchange & unit of account because it is a better form of money than dollars, which is a pretty good sign that others will too.

Money is property. A good money is literally the best form of property you can hold. Your "proof of work" & your way to access all other forms of property.

If you really want to hold something, why would you not accept it in trade?

IMO diesels are the future. Maybe some series hybrids or something too, but diesel just makes so much more sense.

There is no fundamental difference between forcing people to pay for "security" (from people who want to force you to do things 🤔) and forcing them to take some sort of medicine for their health or for their neighbor's health. It's arguably the minarchists who hold the weaker position vs your average pro-mask, pro-jab statist. Minarchy gives up the game before it even starts.

Would bet most they/thems were hit more & probably abused in other ways too