brockm on Nostr: One of the reasons I have doubts that hyperbitcoinization will ever happen, and ...

One of the reasons I have doubts that hyperbitcoinization will ever happen, and bitcoin will instead become like a super-gold, is because I don't agree that people are going to ever en masse come to reject the welfare state. In most of these arguments, there's this libertarian/anarcho-capitalist assumption that people are going to "wake up" and realize that taxation is theft, the welfare state is authoritarian, and they're going to embrace a world of radical self-sufficiency and market maximalism. I don't see the political incentives ever aligning in that direction. I also disagree that such a future is mechanically inevitable, as many people claim.