>“Just by refusing to participate in their system and redirecting our energy into Bitcoin, we’re creating a parallel economy, a system that naturally rewards those who opt in.”
No, that is not enough.
Starving the beast is not going to move us into the system that #Bitcoin could and *should* underpin.
That’s going to create a power vacuum and nature abhors those - it **will** be filled.
There is no such thing as a directionless economy. Economies exist through entrepreneurs taking signals and trying to capitalise on meeting market needs.
We’re just used to living in economies where one giant central actor plans half of everything for all of us.
Take them out and half the economy needs to be backfilled. That’s going to mean winners and losers. That’s going to see people become wealthy and others become destitute - such is the nature of free markets.
If you want any sort of stability in such a system then you want to be the ones filling the power vacuum, not letting the very same parasites who have been dethroned back in to power. That means directing what power there is and what it can do, no different to what the Church used to do in Europe.
In the long run there is no world (other than either 2199 Matrix shit) where our parallel economy peacefully coexists with the fiat status quo.
stacksatsio / StackSats.IO
npub10j…lvcrd
2024-10-07 12:15:14
in reply to nevent1q…qew2
Author Public Key
npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrdPublished at
2024-10-07 12:15:14Event JSON
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"content": "\u003e“Just by refusing to participate in their system and redirecting our energy into Bitcoin, we’re creating a parallel economy, a system that naturally rewards those who opt in.”\n\nNo, that is not enough.\n\nStarving the beast is not going to move us into the system that #Bitcoin could and *should* underpin.\n\nThat’s going to create a power vacuum and nature abhors those - it **will** be filled.\n\nThere is no such thing as a directionless economy. Economies exist through entrepreneurs taking signals and trying to capitalise on meeting market needs. \n\nWe’re just used to living in economies where one giant central actor plans half of everything for all of us.\n\nTake them out and half the economy needs to be backfilled. That’s going to mean winners and losers. That’s going to see people become wealthy and others become destitute - such is the nature of free markets.\n\nIf you want any sort of stability in such a system then you want to be the ones filling the power vacuum, not letting the very same parasites who have been dethroned back in to power. That means directing what power there is and what it can do, no different to what the Church used to do in Europe.\n\nIn the long run there is no world (other than either 2199 Matrix shit) where our parallel economy peacefully coexists with the fiat status quo.",
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