pull down to refresh

I really appreciated the perspective in this piece (also, thanks for linking to the "part 1" which was something I had not read before either).
I am a generally hopeful and optimistic person. As such, I agree with this seemingly reckless statement
This is the fundamental faith that underlies bitcoin’s governance model. It assumes that when people are given genuine freedom and access to good information, they will generally act in ways that preserve the properties they value.
This is such a big statement. My inner Grinch says, but the people are retarded. Look at democracy's horribly checkered track record.
But there is a difference, as you point out
The exercise of freedom also requires accepting responsibility for the consequences of one’s choices.
Democracy does very little "accepting responsibility for one's choices." In fact it feels like democracy is about making other's accept responsibility for one's choices.
Bitcoin, on the other hand, is voluntary and is not imposed on anyone. Maybe this is enough of a difference that it makes all the difference.
It offers no guarantees that the “right” decisions will be made, only that users will be free to make their own decisions and live with the consequences.
This is one of the most hopeful statements I've read in a good while. It certainly describes the kind of world I want to live in. Well said.
🧡
reply