2minutebitcoin on Nostr: The State always grows. Participating in the democratic process only empowers it as ...
The State always grows. Participating in the democratic process only empowers it as devotees reward it through votes in exchange for entitlements.
Bitcoiners reject this. Understanding that the only winning move in politics is **[to not play](https://www.2minutebitcoin.org/blog/an-honest-account-of-fiat-money-2018 )** - they abandoned the rules with a totally independent monetary system.
Bitcoin challenges the State’s most treasured privilege: **the ability to finance itself through inflation and seignorage**, as well as other repressive tools a large fraction of the world lives under - **capital controls** and **local exchange rate manipulation**.
This predictably enraged the State-dependents.
It is no coincidence that Bitcoin’s most hysterical critics overwhelmingly benefit from the state:
- academics, beneficiaries of the rampant government-guaranteed student loan bubble
- (ex-) politicians, who always turn their political clout into personal wealth
- journalists who were disrupted by the internet and reduced to simply peddle State messaging
- economists, forced to peddle Keynesian narratives for grant and tenure
- an excerpt from the 2-minute version of A Most Peaceful revolution, originally posted at
https://2minutebitcoin.org/blog/bitcon-a-most-peaceful-revolution
Bitcoiners reject this. Understanding that the only winning move in politics is **[to not play](https://www.2minutebitcoin.org/blog/an-honest-account-of-fiat-money-2018 )** - they abandoned the rules with a totally independent monetary system.
Bitcoin challenges the State’s most treasured privilege: **the ability to finance itself through inflation and seignorage**, as well as other repressive tools a large fraction of the world lives under - **capital controls** and **local exchange rate manipulation**.
This predictably enraged the State-dependents.
It is no coincidence that Bitcoin’s most hysterical critics overwhelmingly benefit from the state:
- academics, beneficiaries of the rampant government-guaranteed student loan bubble
- (ex-) politicians, who always turn their political clout into personal wealth
- journalists who were disrupted by the internet and reduced to simply peddle State messaging
- economists, forced to peddle Keynesian narratives for grant and tenure
- an excerpt from the 2-minute version of A Most Peaceful revolution, originally posted at
https://2minutebitcoin.org/blog/bitcon-a-most-peaceful-revolution