I've been thinking a lot about intellectual giants lately. Specifically, three towering figures who shaped my understanding of economics and liberty: Ludwig von Mises, Ayn Rand, and Murray Rothbard. These three didn't agree on everything. In fact, they had some spectacular disagreements. Rand famously expelled Rothbard from her inner circle. Mises and Rand differed on philosophical foundations. Rothbard took Austrian economics places that even Mises wouldn't go.
But here's what strikes me: despite their differences, I'm absolutely certain all three would look at Bitcoin and see the same thing. They'd see sound money. They'd see individual sovereignty. They'd see the antidote to monetary manipulation that each of them, in their own way, spent their lives warning us about.The money they all despisedThe money they all despised
The socialist infection has no boundariesThe socialist infection has no boundaries
Even the "Anarcho-Capitalist" surrendersEven the "Anarcho-Capitalist" surrenders
The great convergence: When east and west trade placesThe great convergence: When east and west trade places
The root of all socialist evilThe root of all socialist evil
Enter bitcoin: The money they dreamed ofEnter bitcoin: The money they dreamed of
The price of growing upThe price of growing up
The unity they never achievedThe unity they never achieved
The revolution is monetary, not politicalThe revolution is monetary, not political
The choice before usThe choice before us
...read more at bitcoinwell.com
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Bitcoin is a collective mechanism freeing participants from the fiat state monopoly and enabling SoV and MoE P2P.
However the state-banker fiat cartel has succeeded in largely capturing and controlling the protocol by designating it as a speculative commodity.
Yet they say nothing backs it so how can it be a commodity?
Nevertheless this sly response from the Fiat Debt Slavery Bankers cartel has rendered lawful MoE use extremely inconvenient as each and every transaction must be recorded along with the current fiat exchange rate in order to comply with the tax obligations in nearly all liberal democracies. In most autocracies Bitcoin MoE is simply, explicitly banned.
Thus the lawful use of Bitcoin as a P2P MoE has been obstructed almost completely (except for those of us prepared to ignore such sly and devious laws) rendered impractical and only convenient to use as a speculative commodity that in effect presents very little real challenge to the fiat debt slavery bankers cartel and their hegemony over MoE.
Yup. I wonder what it's going to take for Bitcoiners to start taking this seriously.
Maybe after they're old and tired after streaming on YouTube about "freedom money" for 50 years.... maybe then they will look back and ask themselves, "Did we actually have freedom money?? Or did I just do it for the YouTube slave money?"