You're right that "aggregate market preferences might still gravitate towards state-issued fiat in politically stable context".
I don't think any Bitcoin maxi has denied that the nation state has been a very powerful, albeit relatively recent phenomenon in human history that represents the current equilibrium. And to a great extent its power is derived from its ability to issue fiat.
This is not the point anyone argues with.
What maxis say is that this equilibrium was a local maximum which is destabilized by the rise of truly decentralized money. Bitcoin, over time, “reduces the capacity of the world’s nation states to determine who becomes a Sovereign Individual […] and liberates the holders of wealth from expropriation through inflation.” (from The Sovereign Individual).
It will thereby introduce a new operating system for the world, which transcends the current nation state model.
arcticorangutan / Arctic Orang-Utan
npub1le…3y3sy
2024-03-12 18:25:39
in reply to nevent1q…lf5y
Author Public Key
npub1lem4kp0fmrqada46zdns53w42pxj79xlgwq4m3fyy0j09mrza6hqh3y3syPublished at
2024-03-12 18:25:39Event JSON
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"content": "You're right that \"aggregate market preferences might still gravitate towards state-issued fiat in politically stable context\". \n\nI don't think any Bitcoin maxi has denied that the nation state has been a very powerful, albeit relatively recent phenomenon in human history that represents the current equilibrium. And to a great extent its power is derived from its ability to issue fiat.\n\nThis is not the point anyone argues with. \n\nWhat maxis say is that this equilibrium was a local maximum which is destabilized by the rise of truly decentralized money. Bitcoin, over time, “reduces the capacity of the world’s nation states to determine who becomes a Sovereign Individual […] and liberates the holders of wealth from expropriation through inflation.” (from The Sovereign Individual). \n\nIt will thereby introduce a new operating system for the world, which transcends the current nation state model.",
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