flix on Nostr: Bitcoin will separate Money and State. It will also help defund the State. ...
Bitcoin will separate Money and State. It will also help defund the State.
Eliminating inflation and increasing the cost of debt as funding mechanisms it will force the State to rely more on taxation, which is more overt and therefore harder to increase.
In the margin this will tend to reduce the size of the State.
More importantly, Bitcoin will show that society can organise horizontally with voluntary, decentralised systems. This will undermine the entire rationale for hierarchical, top-down, centralised institutions.
It will destroy the philosophical foundations of the State.
Eliminating inflation and increasing the cost of debt as funding mechanisms it will force the State to rely more on taxation, which is more overt and therefore harder to increase.
In the margin this will tend to reduce the size of the State.
More importantly, Bitcoin will show that society can organise horizontally with voluntary, decentralised systems. This will undermine the entire rationale for hierarchical, top-down, centralised institutions.
It will destroy the philosophical foundations of the State.