pull down to refresh
0 sats \ 9 replies \ @Solomonsatoshi 21 Nov \ parent \ on: Why people are cheering up for El Salvador BTC reserve ? bitcoin
For anyone who wants to seize your wealth when you do not have a government to provide rule of law.
The sociopaths are gonna make a meal of you.
My wealth is in Bitcoin. It's unseizable.
reply
reply
A targeted attack on an organized crime ring is much easier to pull off than going door to door torturing individual holders. It's not relevant to a crackdown on mass adoption. You just assume that the state will find some way to win every encounter because it's your God.
reply
You still rely upon the rule of law and multiple infrastructures that it enables- provided by the nation state- you would not survive a week without them.
reply
That's your skewed analysis.
First of all, there's no reason to assume that roads wouldn't exist if the state wasn't in charge of them. The state doesn't issue everyone a free phone, yet I have one, and you can't convince me that the state's stolen products and services are any better than what I could buy on the free market.
Again, not everything needs a subsidy to exist, a point you've acknowledged but don't seem to be taking to heart.
As for how I personally would fare in a society that wasn't stealing from people more productive than me to finance my lifestyle, I think I would still be better off overall, given the second and third order effects of a society that values trade above violent coercion, but if it means I would have to get a real job instead of lobbying the government, so be it. That's kind of the point.
reply
Can you not understand that without rule of law capital will not invest the infrastructure required of a wealthy modern economy?
Then if you must, go and enjoy dirt tracks and 2g somewhere there is little or no government.
So be it.
reply
There is no real capital or investment in your system. It's literally just the government telling people what to do.
reply
Wrong.
The govt provides rule of law and security- private enterprise then thrives:)
See history for the conclusive proof.