quotingWHAT COMES AFTER FIAT?
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Last year I watched this Murray Rothbard speech given shortly after the fall of the Soviet Union: https://youtu.be/KWdUIuID8ag
He makes the point that for the decades of talk by academics and think tanks and policy institutes, pretty much no-one had paid any real mind to the question “what comes next?” If you could wave a magic wand and make your ideological enemy collapse tomorrow, or they hand you the keys and surrender, what do you do?
I’ve thought a lot about this in the context of fiat but have noticed that very few Bitcoiners talk about it.
It’s all just assumptions that status quo nation states (the source of all fiat) adopt our economic system and..
And then, what?
Are those parasites going to magically stop being fiat?
Are the bureaucrat class just going to resign and enter productive industry?
The MIC is just going to stop hankering for wars? Israel is just going to start playing nice? Spooks are going to stop overthrowing foes? Pharma is going to stop poisoning people? The mass immigrants are just going to go home?
And what of Bitcoiners and their families, how are they going to handle this new found generational wealth? Are we bringing back primogeniture? Are we going to start arranging marriages of children? Are we going to fund pogroms to exterminate the parasites? Are we going to lobby the power centre, or take it over?
As positive a future as Bitcoin could enable, this needs some influence to take the shape we would want to see or I can tell you the answer to what comes after fiat:
Fiat 2.0, backed by Bitcoin.
I’m not interested in another spin on that merry-go-round and if you’re not either, I hope you’ll join me in beginning to discuss these ideas.
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