https://drive.google.com/file/d/1t0oCSGq91lQmRkS5SOCd9uKW6Ht70rhg/view
https://miseskorea.org/library-2/libertarianbooks/?mod=document&uid=693
[Chaos Theory - Robert P. Murphy]
https://cdn.mises.org/Chaos%20Theory_2.pdf
https://mises.org/library/chaos-theory-two-essays-market-anarchy-0
quotingIt's an enjoyable conversation! (Forgive my use of numerous hashtags, this will help me find some of these arguments later!)
note19pf…y9t8
I think it was Jeff Booth who explained how the current financial system requires theft at the base layer ( #InflationIsTheft ) to operate. #BitcoinFixesThis , right? #RulesNotRulers is also a mantra in Bitcoin. I say this because the state is defined as and exists through a monopoly on violence in a geographic region. This coercion by a group of individual actors (wearing special costumes) is unacceptable and exists because the state can take your property from you, threaten to or actually lock you in a cage, and it can even steal your time (through taxation of your labor #TaxationIsTheft ). All of this is morally corrupt and wouldn't be allowed by any individual against another individual, right?
But what is really happening here? Most services provided by the state are valid - protection (police), justice (courts), transportation (roads), and defense (military). Since these are simply services, why is coercion and violence needed to fund them? It's not! It's just that the state gives itself a monopoly and threatens any potential competitors. What if these services were voluntarily funded? What if these were private companies focused on serving their customers instead of a monopoly that operates under the threat of violence? There are lots of objections people still raise here, but Bob Murphy's booklet 'Chaos Theory' explains the nuance of how this system could operate... private security, courts, roads, and even national defense. It's an excellent, free, and short read (available at Mises Institute).
So, people organizing is great, the monopoly on the use of violence is not!
With #Bitcoin, the state's ability to steal your wealth is greatly decreased compared to any physical/centralized form of wealth (gold, fiat, real estate). Leaving with your wealth is a real option now. This will incentivize the state to be customer focused, instead of threatening. This is discussed in the book "The Sovereign Individual" and is really a thought provoking read!
Bitcoin will also reduce the state's ability to fight wars significantly, because it will have to get funds through #voluntary contributions instead of violence. #AntiWar Also, conscription of their populace (read: slave labor by the state for war) is much less of an option when the people can leave with their wealth in their head!
At the end of the day, a small minority of people use violence to conduct their business... thieves and the state. This is unnecessary and there are real options that Bitcoin will (hopefully) help humans achieve (eventually)! #voluntaryism #liberty #libertarian #peace