7/ Prepare to enter a hypercapitalistic, hypercompetitive, decentralized, borderless world of unstoppable commerce, where the power of governments is cut in half, and the power of sovereign individuals is doubled.
8/ Deluded people who use ridiculous and laughable terms like “post-capitalism” don’t know what they’re talking about. Capitalism is only just beginning. This is the first reemergence of truly ‘free markets’ since pre-Babylonian, primitive times.
10/ Thankfully the fabric of reality itself is an anarchic, libertarian leaning structure at equilibrium. Nothing can ever be successfully top-down centrally planned in the long run. Only free will, human action and markets can point us in the direction of growth.
12/ Bitcoin is a profound Economic Rennaisance, falsely wrapped in a Tech Bubble, itself falsely wrapped in a Get-Rich-Quick Scheme. The complete takeover success of cryptocurrencies is inevitable destiny. It is mathematically inescapable. Once you see this, you can't unsee it.
Resistance to state mandated economic/tax/regulatory policy is met with fines and imprisonment, ultimately backed by State’s violence of action. I believe in the message, I just think the hardest part is to come.
All brilliant points. However, at the moment central planners have complete authority over crypto destiny due to regulatory control of the fiat to crypto “on and off ramps.” What will realistically change this?
No pain, no gain. Surely decades of malinvestment and hyperindebtedness will have to paid for by some upcoming losing parties. It will get worse before it gets better. But crypto will have it’s birthplace in the middle of the next big economic crisis.
The transition will result in famine, desperation and death for many. What we need is gradual change, let's not be quite so extreme. Fiat as bad as it is has immensely improved the standard of living for the world. Let's not get too carried away, let's aim for gradual change.
Agree with the sentiment of your thread but the question in making this a reality (and not repeat the fiat / gold standard) is how to safeguard crypto, so that 3rd parties (coinbase) do not have to be custodians? How do you make the safeguarding foolproof to the average person?
As a technologist myself, I have to say that this is an insanely overly optimistic technocratic view. Crypto currency is just as easily printable as fiat, all you need is a crypto derivative and you're all set. Never underestimate human greed as driver of systemic corruption.
And this is why the "State" will never allow it. I hope and want to see the shift, I preach it, but the central banks will use every tool in the arsenal to stop it. If they lose money they lose control
I’ve been saying this for a while. It’s a logic extension of Philip Bobbit’s Shield of Achilles as we move from King state to Nation state to Market state. The difference here is the state could be less influential and be defined differently.