Sachin

Contributing to btcbreakdown.com

Public Key

npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl

NIP-57 Address

sachin@minibits.cash

Profile Code

nprofile1qqsrfud256c4pr0qh2elppkyh4dm676slpveg5wxu69vj40usdhre4sppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj70up9td

Publishing to

nos.lol

relay.damus.io

relay.primal.net

Author Public Key

npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl

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Last Notes

2025-05-30 05:53:31

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https://image.nostr.build/75c54173fd31535635d1de3395c047a55c762950dad3b9950b1ba7302520a6e4.jpg

2025-05-30 05:10:02

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When politics comes up with people like the I'm just gonna say nothing and change the topic
'Ah that's cool man, catch the Bitcoin price last night?'

2025-05-30 04:54:54

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True but that wasn't my point

2025-05-29 18:52:53

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Bruh I’m starting to feel like this with people who call themselves Bitcoiners but say statist stuff.
I like talking to normies more and don’t mind them at all nowadays ngl

2025-05-27 02:19:01

So.. Zeus
•Self-custodial
•Runs a node on your phone
•Has an on-chain wallet attached you can access the seed of
•Offers an LSP service you can lease channels from, for varying and extendable durations each with its own rates
•Can connect to whatever Neutrino peer you want
•Can open LN channels with any peer you want
•Lets you swap b/w LN and On-chain without opening or closing channels
•Comes with Cashu
•Let's you open taproot channels
•Provides you with a trust-minimised Zaplocker LN address and an alternative cashu-based address
•Lets you create a separate profile besides the embedded node one and connect to your own custom node
•Has an NWC integration

2025-05-25 17:39:42

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Using a masterball for Magikarp is illegal according to all known laws in the universe

2025-05-21 06:50:28

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River's report says that 50 million Americans own Bitcoin
There's no reason to give up 🫂

2025-05-21 06:10:55

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I'm not much of a doomer though, so I'm not very much into dystopian stories
But it seems like that book has become very popular in the Bitcoin community

2025-05-21 06:08:18

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Yeah pretty much point 3

2025-05-20 23:05:36

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Nah man not yet my reading list was already loaded so I didn't pick it up

2025-05-20 22:36:58

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You don't see many people who understand the free market actually talking about the free market all the time because they are busy doing stuff and making things happen

2025-05-20 18:28:11

https://youtu.be/BN3EryUG0EA

2025-05-20 17:31:45

Intellectuals hate the free market
Maybe because:
1. It cannot be controlled, planned, designed or predicted
2. It will often yield outcomes that they don't personally like
3. Their livelihood is uncertain under those conditions
4. They need to constantly produce work that people actually find useful for their lives
5. A non-intellectual who has not read a single book or had a formal education can become wealthy and successful
6. Nobody's position at the top, middle or bottom is guaranteed or permanent, so much so that there might be no such thing as a well-defined 'top, middle or bottom'

2025-05-18 22:41:05

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We're at 105K; Spar and Steak n Shake are accepting bitcoin; it's easier than ever to run a node and take self-custody; wall street has arrived; politicians are pandering to the industry; home mining is on the rise; public companies are aping in.
You'd think the sentiment would be better

2025-05-18 21:24:57

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Blossom servers being adopted by clients in a big way
Damus integrating NWC and becoming multiplatform
Primal becoming more interoperable in the ecosystem by adding external signer and blossom support
People just vibe-coding and building Nostr tools that they want
An IRC-like client called Coolr
A tool built by Calle that enables people to create and recommend Follow packs for discovery which clients are already integrating
A voice-note based client by Derek Ross called YakNak
Total number of zaps on Nostr crossed 5M

2025-05-09 22:51:21

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Vibe coding

2025-05-05 10:15:50

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Would be awesome to have that crowd over here
They'd love to know that the free market is organically solving the free speech problem through Nostr.
And that Nostr does so by first enabling property rights (in relays), like Fiatjaf describes here:
https://habla.news/fiatjaf/ded75cbc
Very similar to how Rothbard articulated that property rights are an absolute necessity to enable free speech
That would definitely intrigue Tom Woods and his audience

2025-05-03 04:01:00

'Fundamentally, I believe we will have the kind of society that most people
want. If we want freedom and privacy, we must persuade others that these are worth having. There are no shortcuts. Withdrawing into technology is like pulling the blankets over your head. It feels good for a while, until reality catches up.'
- Hal Finney
Source:
https://cypherpunks.venona.com/date/1994/01/msg00014.html

2025-05-01 21:12:10

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There's also:
Hable
https://habla.news/
Highlighter
https://highlighter.com/
Untype
https://untype.app/

2025-04-30 15:26:45

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Oh yeah that would be cool!
But it's more useful for me that Listr helps me create custom feeds that I can view on different clients.
Big, big improvement over trad socials in that regard.

2025-04-30 04:00:26

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@nprofile…kay6 Stablecoins can def be called CBDCs

2025-04-29 22:51:07

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Yeah it is
But hey, it is what it is
I do my part by convincing people to read Rothbard 😂

2025-04-29 22:44:46

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💯
I wish Primal integrated NIP-51 lists as well

2025-04-29 22:40:56

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Listr is still great!

2025-04-29 16:49:33

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'Just a speculative asset'
'Just a store of value'
'Just a commodity'
'Just an alternative payment rail'
'Just a hedge against uncertainty'
Bitcoin is the most Just thing there is it seems

2025-04-29 16:43:27

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Fair comparison if the use of the term CBDC is used rhetorically rather than accurately

2025-04-29 16:23:40

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That's just income taxes though. Everyone does pay quite a lot of you account for other taxes, not just the 2%.

2025-04-24 23:49:34

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Haha 'NSA for myself' is a good one
Having privacy hygiene is basically that

2025-04-24 13:01:16

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His lectures about argumentation ethics would be good references
His introduction to Rothbard's 'Ethics of Liberty' gives a glimpse.
Chapter 2 in 'A theory of socialism and capitalism' offers a first principle view of self-ownership and property rights.
And his 'Economic science and the Austrian method' dives into epistemology and methodology.

2025-04-24 11:59:12

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Probably because an argument for liberty that is grounded in natural law is stronger.
Which I thought was true, before I explored Hoppe's argument, which took it to another level.

2025-04-24 10:00:55

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Yeah what makes it interesting is that I thought Mises didn't resort to natural law based arguments
Maybe have to explore his political writings a bit more

2025-04-24 09:48:36

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But this sounds like something Rothbard or Hoppe would say

2025-04-23 19:16:05

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I think @nprofile…52sw you and I can agree that as long as the state exists, there'll always be some group trying pull some nonsensical schemes that is just evil.
Not saying that everyone within the state right now has bad intentions.
But just echoing wisdom from enlightenment era thinkers like Lord Acton: Power corrupts, and absolute power corrupts absolutely.

2025-04-23 18:57:45

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Sure, I get that. It's just that there is a big, big limit on how much they can direct and for how long.
And, 'they' or 'the man behind the curtain' is never a singular entity but multiple entities competing with each other in a zero-sum game. Very likely miserable folks who have to look behind their shoulders all the time.
Also, at one point, the 'curtain' will simply disappear if you follow the incentives and causalities. Things will become so obvious that it becomes boring.
The rest of us, peacefully co-operating with each other, are participating in a game that is the opposite of zero sum. We can just work around the obstacles these power-hungry maniacs place in front of us.

2025-04-23 18:34:51

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Regularly talking to people who are completely tuned out of politics is a great exercise for the sake of sanity.
Psyops do exist, but outside the world of headlines, they either fail or are non-existent.
There's a wide world out there with people who are simply unbothered, moisturized, happy, in their lane, focused, flourishing.
Besides, there are certain forces in human societies that even the most powerful and intelligent cannot comprehend or understand. They never can and they never will.
Touching grass, staying humble, stacking sats and having fun is a perfectly alright way to go about life.

2025-04-17 17:47:13

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Zeus has the option of running an embedded node on your phone. Been using that for a few months and I've had no issues.

2025-04-17 10:57:36

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Displaying follower counts alongside names would be cool!

2025-04-16 21:41:20

https://image.nostr.build/74671a914e6c6d15c6394ad9fff16c85e5d794cf5c8d6a072d01a9850f26050d.jpg

2025-04-15 19:13:46

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Boltz's incentive programs for liquidity provision is something you might find interesting.
Great option to give for Zeus users who want to put their idle sats to use.

2025-04-15 19:05:05

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Ohhh sweet!
If by swaps you mean the boltz-style ones that would be super useful

2025-04-13 00:21:34

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Ah interesting. Talking to real people is a great way to cut through the psyop.
Based on my observation, speaking strictly in terms of economic policy, no country in the world is actually implementating pure socialism or pure capitalism.
I think what we have right now is called in the Austrian school as 'Interventionism', an attempt at balancing socialist policies and capitalist policies. This is what a vast majority of governments, irrespective of political system, is actually implementating.
One could probably point to a few holdouts who are stuck in the past, but an explicit attempt at total socialism, like the revolution-types we saw in the last century, is either dead in most countries or dying a slow death in others.
The Austrian view is that interventionism is unstable.
One intervention will cause distortions, instabilities and inefficiencies which will lead to either calls for more interventionist or more free market reforms. Constant quibbling and psyop by two sides are symptoms. Ordinary people are treated like rats in lab experiments by economists to test and refine their hypotheses, models and equations on.
It is a tiresome and horrifying approach to economic policy and economics in general.

2025-04-12 23:20:48

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Tbh, I don't know.
The discourse about China is always about what the government and the party is doing and never about the people, culture and society.
It is too politicised and psyop-y.
Like when I think and talk about America or Europe, I can easily differentiate the two.

2025-04-12 22:49:58

Found some names while trying to looking at China's economy from an Austrian perspective:
•Economist Zhang Weiying
•Book 'Chinese Entrepreneurship: An Austrian economics perspective' by Fu-Lai Tony Yu, Diana Kwan
Looking for more.

2025-04-09 08:54:37

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That's Declan Rice for you

2025-04-08 22:00:59

https://video.nostr.build/1343ab62cf55560cb29681ff3e3db454515551a08b2bbced487fb96a144e80ac.mp4

2025-04-08 22:00:01

https://video.nostr.build/fb6a6e835ca18c456fd583768ae58817ea617633c1834b488aaaeba15534b424.mp4

2025-04-08 08:36:27

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Yes
Murray Rothbard and Hans-Hermann Hoppe have done that

2025-04-07 21:59:04

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Can add more

2025-04-07 21:55:29

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Or earn it 🙃

2025-04-07 21:33:17

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Price is down but we're sad because we're not able to buy more https://image.nostr.build/f3d0dc92897e3ae25e134989b45439baf86473fc701c54b0013dc0b2b2d6009b.jpg

2025-04-07 20:59:53

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I don't have enough sats man 😭
Someone's gotta make it go lower so I can buy more

2025-04-07 16:20:48

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I'm gonna keep watching this till it goes all the way to 0 😂

2025-04-07 16:06:37

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Apparently this position is 'utopian' :')

2025-04-07 16:01:03

ethbtc goes below 0.02
https://image.nostr.build/8ae2eaf95503f88ce4256acc8c6e24ef2434fb484f8bc1f59b710ee6b5b9c708.jpg
#nevent1q…qzsl

2025-04-07 12:04:56

https://image.nostr.build/baae32fd6ff3925dd4a0ff26de608ff6f1bf2fbe6c5b0248d5bcc81d2a51911b.jpg

2025-04-04 23:15:41

There is no such thing as an 'equilibrium' in the economy or markets.
If you are someone who has figured this out on your own, you need to have more faith in your reasoning capabilities.
Pura Vida!

2025-04-04 13:46:06

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Relevant video to watch made by a cool Bitcoiner
https://youtu.be/C7ynm0Zkwfk

2025-04-04 13:33:46

For this weekend:
'Law of non-contradiction vs law of participation in Hindu epistemology
Significance of Kantian synthetic a priori to libertarian theory as put forward by Hoppe
Misesian Action axiom bridging theory with reality to counter the claim that libertarian ideas are only true in theory'
#nevent1q…qdt3

2025-03-31 19:23:54

This playlist is a great introduction to Austrian economics:
https://youtube.com/playlist?list=PLKjJE86mQRtsDQQBCVPSV1TeS3IiROAoN
Each video is a short, sweet, simple and clear introduction to foundational concepts in economic science.

2025-03-31 09:20:30

https://image.nostr.build/3b6276ab0cc36a4699a5c6dbed4a6e88f293fdfdb33a61ca1eb85df8ad96bd5c.jpg

2025-03-29 15:09:47

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This is the first one that came to mind as I just learned this:
Marx was not the first to do a class analysis. His analysis wasn't even accurate and well-defined. It was bogus.
French radical liberals Charles Comte and Charles Dunoyer did it before him and more accurately. They divided society into the productive class (industrialists) and unproductive class (parasites).
https://www.libertarianism.org/articles/libertarian-class-analysis
The former acquires wealth by producing and cooperating (entrepreneurs, workers, labourers, investors).
The later does so by stealing and coercing (State, bureaucrats, thieves, cronies).
This analysis is essentially libertarian in spirit.
Many liberals use Marxist class analysis rather than that of Comte and Dunoyer and come to the wrong political conclusions that go against their core philosophy.

2025-03-27 13:07:19

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Yep, good idea!

2025-03-27 12:52:01

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Of course. For economics that's the one.
For politics, 'Anatomy of the State' by Rothbard is a very short and sweet one.
'For a New Liberty' by Rothbard incorporates ideas that come in AofS, with a more elaborate introduction to Libertarianism.
'Ethics of Liberty' by him would be for a deeper examination of the libertarian ethic. I'm currently reading this.

2025-03-27 12:20:24

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That's a great way to put it!
I don't necessarily think it needs a lot of reading for a basic understanding.
Economics in one lesson by Henry Hazlitt is a short book that is a great read to understand basic principles. It is as impactful as the Bitcoin Standard.

2025-03-27 11:52:03

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It's definitely rewarding. Great way to deprogram ourselves from propaganda and see things happening around us with more clarity.

2025-03-27 01:00:26

https://image.nostr.build/c868fb9410fe0cc744ad71be883d4ea67a5b79e351da32582838676c1af86773.jpg

2025-03-26 17:52:01

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I suggest you guys check out these lectures and talks I compiled if you don't have the time or patience to read books. It might be useful:
https://youtube.com/playlist?list=PLaR3sy0CQTO5gfm4wM6BZqjdzQWKbX5uD

2025-03-26 17:34:26

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Ahh I see. We're sort of on a similar learning path. Awesome!
It's taking time for me as well and I also haven't wrapped my head around it yet, so you're not alone.
'Synthetic a priori' is an idea from Kantian philosophy. Hoppe explains it pretty well. For reference, here are some lectures by him where he talks about this:
https://youtu.be/QvrEtRLKLls
https://youtu.be/aTXxvWa11Lg
https://youtu.be/sWx9kt3Kzk0
An LLM can be of great help. Try asking it the following key words
1. 'A priori' vs 'A posteriori'
2. 'Synthetic' vs 'Analytic'
3. 'Methodological dualism' vs 'Methodological monism'
4. Rationalism vs Empiricism

2025-03-26 17:06:22

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Nice! What are you reading?

2025-03-26 17:05:40

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Man says that in social sciences, truth is derived through 'praxeological' reasoning, not empirical observation. i.e. you *deduce* and *reason out* truths rather than *calculate* or *observe* them.
Unlike natural sciences like physics, which rely on controlled experiments and isolated observation, social sciences like economics is about studying the laws of human action independent of data or sources.
Controlled experiments in human societies is not possible, as there are people who interact with each other and make hundreds of decisions based on hundreds of values and desires that are all unknowable.
Society is uncontrollable and unplannable. So one can't understand it using statistics, equations and math models.

2025-03-26 16:31:27

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•Logically refutes and debunks socialism and interventionism.
•People keep asking 'source?? proof??'
•Logically refutes and debunks the very notion of asking 'source?? proof??' in social sciences.
•Gets labelled a kook, ignored and accused of not understanding reality.
•Keeps getting proven right over and over again, by reality.
Ludwig von Mises.
He is HIM.
https://image.nostr.build/e182ce00dd12543175fdfd147594e390f55a67e2aa4e77259334bc4ecb79f446.jpg

2025-03-26 11:53:11

https://image.nostr.build/6ed444abd89030709dc6eaf29eb8fce2a3b35494f5c982f8d538f411012ffc04.jpg

2025-03-25 08:52:35

'Considerations and Reflections of a Veteran Reactionary Libertarian' by Hans-Hermann Hoppe
Narrates an interesting story about the Frankfurt school and then delivers another sharp criticism of Javier Milei and other western politicians like Zelensky, Trump and Netanyahu as well. Ends with a critique of American imperialism.
https://youtu.be/gOsm4_NYZy8

2025-03-23 06:21:23

An interesting rabbithole to go down this Sunday by giving an LLM the following as input:
'Synthetic vs analytical statements
A priori vs A posteriori knowledge
Synthetic a priori knowledge and its relevance to Austrian economics.'

2025-03-20 21:16:39

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Bit of an unrelated question: is minibits a good shout to use as an ecash wallet? Faced some payment issues the last time I used it but want to give it another try.

2025-03-20 17:48:49

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😂😂😂

2025-03-18 19:09:59

They seem to be Friedmanites/utilitarians and their policy recommendations aren't that great.
But seeing them get this kind of attention is encouraging.
https://image.nostr.build/e7cb735296cdb753acb7efdf834ab49ac3506c24ab283aac3b56020f017f9910.jpg

2025-03-18 14:24:42

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GM 🙏

2025-03-17 07:08:39

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Yep, it actually is the case everywhere. That's what I tell Bitcoiners who are annoyed that people not 'getting it'.
I think one only needs to be screwed over by the state or realise that he's getting screwed over to realise it.

2025-03-17 07:05:46

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You haven't refuted any of my points about the principles of non-aggression, voluntary association, self-ownership and property rights.
I've added enough substance to my argument and laid out systematically where I'm coming from by reasoning from first principles about what is right and wrong when it comes to the ethics of violence.
You're just arguing over and over again that a 'government is needed'.
I am not really sure what your underlying moral and ethical principles are and for what end you want governments to exist.

2025-03-16 22:34:28

Some Indian Bitcoiner: Indians will never understand the ideas of liberty and free markets or grok Bitcoin.
Me: But you're Indian and you understand. All these other Indian Bitcoiners we know do as well.
SIB: No no I was taking about *most* Indians. They're dumb and stupid.
Me: Yeah but everyone is dumb and stupid before they get convinced, educated and become aware.
SIB: You're delusional. Most people are lazy and won't take the time to understand or learn.
Me: Btw have you read or watched those books and lectures by Mises, Rothbard and other folks which I said will help you refine and communicate these ideas better to newbies?
SIB: Nah I'm too lazy to read books or watch long-form content. I have no time for that.

2025-03-16 20:03:24

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You've got to start taking flights.
I rarely take any other train except Vande Bharat nowadays. I really hope the entire railway system is privatized some day. It's better than before but still horrible.

2025-03-15 05:48:29

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This isn’t a tension between the individual and the collective but between voluntary cooperation and coercive monopolies.
You assume legal enforcement requires a centralized authority, but justice can be maintained through competing private defense agencies and arbitration, which are accountable to customers, not rulers.
You conflate voluntary collectives with governments, ignoring that states hold a monopoly on force, while private legal systems allow choice and accountability.
In a state system, you cannot opt out. You are stuck, even if the state doesn't treat you properly and aggresses against you and your property unjustly.
A private legal order - guided by the principle of non-aggression, property rights, due process, proportionality, and voluntary association would uphold justice more effectively than coercive monopolies, which lack the incentive to do so.
The claim that government is the 'least bad' solution assumes coercion prevents societal breakdown, yet states are the greatest sources of war, violence, and systemic exploitation. Government doesn’t solve human failings. It amplifies them by institutionalizing aggression.
It's essential to strive toward a more civilized society by rejecting coercion in favor of voluntary cooperation.
Ideally, it happens as soon as possible.
But it has to happen at some point in the future because I don't think humanity will last long if we keep relying on governments as coercive monopolies to maintain a social order. They are growing bigger all the time and becoming ever more destructive. The last century was a huge warning sign. Doesn't seem like they've become any better this century.

2025-03-12 04:24:28

https://image.nostr.build/7b0a3c4f2f2dda5fee666a04c12325948d5b0777fe7c92d6867b4e2e76d28d40.jpg

2025-03-08 04:46:35

1. Governments decide to interfere to solve an economic problem
2. They cause even more distortions
3. People look at this and call for even more government
4. Distortions galore
5. People who call for less government are now called unrealistic utopians
6. Interventions and distortions continue till the government and its cronies control everything
7. The economy starts to stagnate and fail
8. The people, their mentality, their businesses and their culture are blamed using some selective statistics.
9. The government had the wrong people in charge so it can be excused and reformed.
10. People start calling for 'saving the economy' with even more government intervention.
Over and over again.
In industry after industry.
Country after country.
Everywhere in the world.

2025-03-07 07:43:27

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🤣🤣

2025-03-06 22:15:07

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Idk why they don't just come over to nostr where they can just.. do things with bitcoin like cashu tokens hidden in emojis, nwc connections, zap cool content, pay for storage and so much more. Pretty sure they can hack on a lot of things here.

2025-03-06 17:34:26

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Shit's gonna get fixed 🫡

2025-03-06 17:33:06

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I thought I might seem crazy with Bitcoin.
But then I started grokking libertarianism and austrian economics.
Now I never talk politics, economics or money unless someone else brings it up 😂
Even then I tone it down by a lot.

2025-03-03 12:01:43

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Did you just.. redistribute your voluntarily acquired sats to other people OF YOUR OWN ACCORD?!
But this happens only in theory!

2025-03-02 12:26:33

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Here you go:
https://youtu.be/KWdUIuID8ag
It's a brilliant talk.

2025-03-02 12:18:55

💛🖤 https://video.nostr.build/aff5a060b7b722fa3a528f33796f64b42f4e2059034253f0220249897b7282eb.mp4

2025-02-21 23:09:27

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2025-02-18 06:46:08

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Every time someone says 'so you're saying', I remember this lady 😂
https://image.nostr.build/cceffa77b2b2ab06391ab0384df81e08818cc5dbdcde1c0aec5e157b6a94a93f.jpg

2025-02-17 17:42:38

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First they'll say property rights only exist partially.
Than they'll say because it exists partially, some of your property can be stolen and redistributed for 'the greater good', whatever that means.
And so the end goal is a situation where they own all property that exists.
Socialism and progressivism are retarded and insidious.

2025-02-01 12:23:03

Test

2025-01-31 06:48:04

https://image.nostr.build/e4669b7da49975cbce6714eff584a6556dabdb93c9ab387802dfacd573b57c33.jpg

2025-01-30 14:53:19

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This is actually fun.
I copy-pasted this and asked ChatGPT, 'How would a libertarian counter these counter-points?':
Here's the response I got:
'Here's a libertarian counter to each of these socialist rebuttals:
1. Against Mises's Calculation Problem (Lange-Lerner Model & Computer Planning)
Counter: The Lange-Lerner model assumes an omniscient central planner who can set prices through trial and error, but this approach fails because it lacks real market competition. Prices in a free market emerge from the voluntary interactions of countless individuals, each making decentralized decisions based on local knowledge. Centralized computing, no matter how advanced, cannot replicate the dynamic, real-time adjustments of a market where profits and losses act as crucial feedback. Even modern AI cannot substitute for the entrepreneurial process, which relies on dispersed, tacit knowledge that cannot be fully captured in data.
2. Against Hayek’s Knowledge Problem (Big Data & Algorithmic Planning)
Counter: Companies like Amazon and Walmart succeed because they operate within a market framework, responding to price signals and competition. They do not centrally plan the entire economy; rather, they optimize within a larger market system that provides pricing and consumer preference information. Even in a single corporation, decision-making is hierarchical yet still subject to external market discipline. Without market competition, socialist planners would lack the incentives and discovery mechanisms necessary to allocate resources efficiently.
3. Against Rothbard’s Ownership Problem (Worker Cooperatives & Collective Ownership)
Counter: While cooperatives exist, they do so within a capitalist framework where competition and price signals guide decisions. Historically, large-scale collective ownership has led to the tragedy of the commons, bureaucratic inefficiency, and lack of individual accountability. Worker cooperatives tend to be rare, and when they do succeed, they often mimic market-based incentives (e.g., Mondragon competes in the market and uses internal wage differentials). Private ownership aligns responsibility with decision-making, ensuring that resources are stewarded efficiently.
4. Against Hoppe’s Argumentation Ethics (Property Rights as Arbitrary Constraints)
Counter: Argumentation ethics shows that denying private property contradicts itself, as arguing presupposes control over one's body (self-ownership) and external resources (speech, writing tools, etc.). Limiting property rights arbitrarily undermines individual autonomy, as people must control resources to exercise freedom. Socialist models that permit state or collective ownership inevitably lead to coercion, where some individuals (politicians, bureaucrats) have decision-making power over others’ lives.
5. Against Bastiat’s Seen/Unseen (Capitalism’s Externalities & Hidden Costs)
Counter: Capitalism internalizes externalities better than socialism because property rights create incentives for individuals to bear the costs of their actions. Pollution, for example, can be addressed through private property claims (e.g., suing polluters for damages) rather than bureaucratic controls that are often captured by special interests. Socialism does not eliminate externalities—it merely shifts them to government planners who have little accountability.
6. Against Saifedean’s Time Preference (Socialist Long-Term Investment Examples)
Counter: High savings rates in socialist economies often result from coercion, not voluntary preference (e.g., forced industrialization in the USSR, state-directed investment in China). These projects frequently led to resource misallocation, famine, and stagnation. Private ownership and free markets create incentives for long-term planning because entrepreneurs and investors bear the direct consequences of bad decisions. Capitalism allows individuals to express their time preferences freely, whereas socialism imposes a one-size-fits-all model that often results in inefficiency and waste.
7. Against Menger’s Subjective Value (Market Socialism with Consumer Goods, but Public Ownership of Production)
Counter: Market socialism fails because real entrepreneurship requires ownership. Even if consumer goods markets exist, without private ownership of the means of production, the system lacks the profit-and-loss mechanism necessary for rational economic decision-making. Public ownership means bureaucratic decision-making replaces entrepreneurial discovery, leading to inefficiency. Capitalism allows subjective value to be expressed fully through voluntary exchange, whereas socialism restricts choice through central planning.
8. Against Böhm-Bawerk’s Capital Theory (Planned Capital Allocation with Modern Computing & State Investment Banks)
Counter: State-led investment distorts natural capital allocation by replacing market-driven risk assessment with political priorities. Governments, unlike private investors, do not bear personal financial risk, leading to inefficiency and misallocation (e.g., failed state-run projects, white elephant infrastructure). Private capital markets are superior because they reward efficient capital allocation and punish failure through bankruptcy. No mathematical model can replicate the dynamic entrepreneurial discovery process that capitalism fosters.
Final Thought
Socialist counterarguments often assume that problems in capitalism justify government intervention without considering the failures of state planning. Libertarianism argues that voluntary, decentralized decision-making via private property and free markets remains the most effective way to allocate resources, adapt to changing conditions, and ensure individual freedom.'

2025-01-28 01:25:34

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Is there a waitlist or will it be made available for everyone?

2025-01-26 23:45:32

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Mesh networks are underrated I think.
That's one rabbit hole I've been putting off for a while now.
Have you explored them?