pull down to refresh
0 sats \ 30 replies \ @Solomonsatoshi 26 Sep \ parent \ on: Our Economy Has Never Needed an "Elastic" Currency econ
Free enterprise business needs the security of government provided law and order and property rights in order to thrive.
There has never been sustained prosperity and wealth in the absence of good government.
Bitcoin is a form of government with laws and enforcement of them- but limited to the custody and movement of its digital tokens and blockchain.
It is a revolutionary model of how monetary, and potentially, broader governance can/could be managed by algorithm but does not solve most of the problems real world governments face.
Such as how to deal with the insane and deluded. How to educate citizens. How to defend your citizens and resources from hostile external entities. How to maximise utilisation of resources.
Your blind faith in market forces is misplaced and naive.
Your dislike of governments is equally misplaced.
Market forces fail in multiple scenarios.
What is needed is a careful balance of government oversight and within that framework free markets to the extent they do not become rentseeking cartels, monopolies or mafia.
It is hard to grasp the truth as it is nuanced and requires experience, discretion and skill to see.
If you cannot see it still go live somewhere without government and learn.
But you won't because you are all talk, and no walk.
deleted by author
reply
Wrong- you did the work and earned the money within the security and rule of law provided by the state.
Pay up, or go with haste to a lawless anarchic island/forest/enclave where you can fend for yourself.
Good luck with that, you spoilt child.
We know you will not do that because by living in the USA you enjoy the huge and extraordinary privilege of the US global fiat monetary hegemony via USD and SWIFT.
Your bloated sense of entitlement is blinding you to the reality that the quality of government is the largest single determinant of the wealth and security of nations and their citizens.
Without it most people would be fucked and would clamour with urgency to reinstate it.
reply
deleted by author
reply
Yes you do.
Without the security and rule of law the US empire provides you you would be an impoverished shivering quivering wreck begging for a blanket, a coke and a Big Mac.
Your ingratitude and extraordinary sense of entitlement sets you up for one great big fall.
reply
deleted by author
reply
You would not survive and you know it or you would go somewhere there is no effective government and be in your nirvana...and then have to deal with the brutal reality of your ignorance.
There is no such thing as a 'free market' outside of the security and property rights that governments can provide...only brutal law of the jungle might is right gangsterism.
For Gods sake read Adam Smith and learn the basics of moral and economic principles.
reply
deleted by author
reply
Bitcoin does not and cannot provision rule of law and security.
Rule and law and security are the basis of a strong economy.
Without them capital dare not invest.
Bitcoin cannot provision defense against hostile external forces- only a government has the mandate and motive to do that.
People are weak as individuals- this is why they form groups- tribes, villages, cities states and nations- because these grouping enable the maximal conditions for enterprise and development.
Please go and live in a lawless place with no government- but you will not because you are not insane or suicidal- are you?