b9e76 - 2y
If I had to put it as simple as I can: Bitcoin’s system is the codification of a particular set of individual rights, and there are political ideologies whose foundation is built upon the direct violation of those rights. Therefore, Bitcoin is naturally at odds with those promoting its opposing principles, or those who wish to violate the rules, implied morality, and universality that #Bitcoin enforces.
The Fockin’ Fury @TheFockinFury - 2y
I think you’re taking some liberties with the substance of the bitcoin white paper. The product is aimed squarely at disintermediating financial institutions and enabling trustless peer to peer transactions. The whole “individual rights” thing is a narrative that was ascribed after the fact—as righteous as it sounds. Bitcoin is a new model for payment rails and storage of personal wealth, that’s it. Beyond that, it is exactly what the end user decides it is.
Jeff Swann @Jeff Swann - 2y
Decentralized & permissionless storage of personal wealth makes it impossible to "eat the rich" or to tax via inflation which is necessary for UBI & other forms of endless govt spending.
Bitcoin was an act of protest against corrupt financial institutions. That’s inherently political but I would argue that the core position is one that all ends of the political spectrum can get behind. Nothing about the way it works is exclusive of one set of values vs another.
I see your point, but again, where in the bitcoin white paper or in satoshi’s writings does he mention that the fundamental purpose of bitcoin is to render a kleptocracy impossible? Taxation and wealth redistribution are facts of the state, like it or not. Whether held in dollars or gold or bitcoin or nuka cola caps, as long as a state exists, taxation will be a mandate. All I’m saying is let’s not get ahead of ourselves here. Bitcoin is better money that renders a lot of our legacy financial sector obsolete. But it doesn’t replace the state, and it isn’t a codification of any values aside from the need for trustlessness and self custody of wealth in an increasingly digital society & one in which the financial sector wields undue influence.
