Bitcoin: our most brilliant idea! a meta-idea of freedom!
I've already made an article, which explains why Free Market = Democracy
Soon after, I found an article which describes the meta-idea of ideas, why ideas are so important and how Free Market Trade and therefore Bitcoin were the most brilliant ideas!
Basically Bitcoin is "fuck you"-money:
America was founded on the three pillars of free market capitalism: private property rights, rule of law, and honest money. The American Constitution authorized states to issue gold or silver currency, outlawed income tax, and prohibited national central banking. Unfortunately, upon successful implementation of the American central bank (after two failed attempts), the private property rights foundational to free market capitalism became vulnerable to limitless violation via inflation. An example of this failure came with the “Great Gold Robbery of 1933” (aka Executive Order 6102): an unconstitutional decree and blatant violation of private property rights. All government decrees by fiat are lies (including fiat currency), for truth need never be forced. Free market forces always zero-in on truth.
Truth does not need force.
Bitcoin is the ideological synthesis of gold and the internet; it perfectly exemplifies the three pillars of free market capitalism undergirding the idea of America in a form that cannot be perverted by fiat decree. As its money supply cannot be changed, its holders are immune to confiscation via inflation, thus perfecting their private property rights (Pillar 1). Disputes within the Bitcoin network are settled consensually, and it is impractical to employ violence in an attempt to sway this process, thus perfecting the process of nonviolent dispute resolution embodied by the rule of law (Pillar 2). By perfecting these first two pillars of free market capitalism, Bitcoin is a self-fulfilling prophecy predestined to perfect its final pillar by becoming the final evolution in free-market-selected honest money (Pillar 3). As the only sacrosanct money in existence, Bitcoin is purified capitalism: a permanent implementation of the soundest socioeconomic “water well” in history:
Competition and collaboration are the trades of life. The conservatism of energy is truth — organizations, methods, and tools that accomplish the greatest results with the least effort tend toward dominance as they are willingly embraced by market participants whose “skin is in the game.” Strict adherence to thermodynamic principles is the way all-natural systems grow (there is no other way). Monies, moralities, and strategies that best amplify productivity outcompete on the free market for ideas — submission to this truth is freedom. Bitcoin is a system that minimizes competitive asymmetries by maximizing accountability and thereby incentivizes fair play and error-clearing in the market.
We are what we build, and we build what we are. Ideation and wealth creation are mere expressions of life’s central impulse: growth. Without adequate levels of exchange, the growth of organisms and economies deteriorates. On this point, nature is ruthlessly clear: when you’re finished changing, you’re finished. As we age, we experience a slowing of blood flow, which presages a breakdown of body and mind. Physical exercise can provide some protection by increasing our metabolic exchange of oxygen, water, and nutrients thereby keeping us smarter, healthier, and more energetic as we grow old.
What is true for the individual market participant microcosm is true for the global market macrocosm: impeding free trade constricts ideological “blood flow” and makes the “socioeconomic superorganism” (aka humanity) more vulnerable to disease and death. Close-minded constituents conjure a build-up of misfitness to reality for the collective. Creating blockages to trade via regulation and confiscation — the implicit purpose of central banking — is cancerous to the free market paradigm that invigorates our economic vitality, social morality, and the advancement of civilization.
All individuals seek to attain freedom, goods, and power for themselves. Governments are simply a multiplication of ourselves and our desires, without external governance, and armed with weapons of mass destruction. No amount of tears can wash away the blood war sheds, only practicality, properly implemented, can prevail. Absent a battle to fight — whether moral or physical — people become weaker. Arraying armies against an enemy gives people cause for unity. Perhaps Bitcoin will serve as a moral alternative to war — a peaceful yet disciplinary force on humanity.
And most importantly, what we already understand, if not:
my last article: Free Market = Democracy
Money is the ultimate token of trade, and trade is mankind’s meta-idea. Whatever wins as money on the free market is a brilliantly formulated, civilizing idea. Capitalism is the socioeconomic system which optimizes for the expansion of trade’s scope by respecting free market principles, foremost of which is individual sovereignty. Bitcoin — an honest money offering its holders inviolable private property rights and perfected rule of law — is the capstone innovation of capitalism. It is as if all trade throughout history led us to the emergence of this idea: an unstoppable, incorruptible, and highly accessible money. Like ideas, Bitcoin exhibits non-corporeality, virality, and antifragility — it can be moved at the speed of light and stored in the mind. By virtue of its resistance to theft and rootedness in the thermodynamics of work, Bitcoin portals us into a world of untold liberty, elevated morality, and enhanced productivity. Bitcoin gives us the freedom to trade without central bank interference, store our wealth in a place resistant to seizure, and embrace truth in a world drowning in deception.
this is the article where I found the quotes:
https://www.swanbitcoin.com/our-most-brilliant-idea/
BTC's game-theory is especially interesting and a special kind of meta-idea!
not only does it become more and more valueable, but also countries and other big regulating force-applying trade-parasites can't do much against it
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That last one is awesome. So very true as well. There was an article the other day where some hedge fund manager was talking about how Governments are going to outlaw BTC as if that would even come close to stopping it!
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You are on to something here. I prefer #Hive though.
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Hive over what?
Over Bitcoin
oh, hmmm
I definitely use hive more than bitcoin, but am still sure that there will be a time where you can buy all hive for 1 btc.. :D
https://twitter.com/DuffieldSatoshi/status/1324298687854628864/photo/1
everything right
but btc
just banned itself 3 years ago
why?
bitcoin will be the thing with value. you can trade bitcoin to everything you like to then use what you traded as money (any crypto, silver, fiat, weed)
dpos has big problems.. for things like hive it's okay.. but to be better than Bitcoin PoW.. no
Bitcoin saw MASSIV drops in Hashrate within last year. (about 30% in 1-3 days, apparently to rainy season in China). Those drops will probably occure regularly in the near future (safety?)
You will soon pay MORE than at least 10$ for a next block conf tx in btc. If you want it cheap, you need 2nd layer solutions in which you often DONT own your keys (paypal, custodial Lightning Wallets)
Dash has a good balance between PoW and dPOS. It also manages dev funding pretty well.
yes - hashrate adjustments are part of satoshis game-theorey and therefore btc's protocol
as I already said: btc will be the settlement layer, you can use as money whatever you bought with the king BTC
I'm not sure about the dash PoW/ dPOS balance; does it solve any technical problem like bitcoin's PoW?
i think so. the dPOS layer with dash is called Masternode network. This network also provides security AND performance mechanisms for the overall dash network (Chainlocks, Private Send).
the last meme is beyond great!
:D
https://twitter.com/modernBTCviking/status/1327676036990070784
couldn´t agree more. Wisely chosen memes. When you have aggressively to convince others, it probably will not work. I see all the cryptos as one giant value network, with experimental stuff in the periphery. Like a tree with leafs
agree, but still dont underestimate bitcoin
stack sats
Wer den Satoshi nicht ehrt ist den Bitcoin nicht wehrt. ;)