thejohn on Nostr: The fact that #Bitcoin can be used by your enemies and truly evil people as well as ...
The fact that #Bitcoin can be used by your enemies and truly evil people as well as freedom loving hard working people is truly liberating. Here's why.
First of all #Bitcoin gives you the irrevocable right to your money. It is a neutral tech, & doesn't care how moral or heinous you are.
Would you critize the gold asset class because it was effectively used by the Nazis? Of course not. Gold was the best tech to store value across time in the 1940s.
Today, #Bitcoin is used by truly monstrous evil people as well as honest hard working mums and dads because it is the most effective tool to store and transmit wealth that has ever existed.
But here's the silver lining--in a society where strong private property rights are enforced for all, freedom is far more powerful and productive than tyranny. And #Bitcoin is the trojan horse that allows normal plebs like me to enforce our private property rights.
States that remain on a centrally controlled fiat money standard will flounder and fail like North Korea.
But groups of people who use a truly sound money to store and trade will flourish and thrive and outcompete their fiat money Neanderthal cousins.
First of all #Bitcoin gives you the irrevocable right to your money. It is a neutral tech, & doesn't care how moral or heinous you are.
Would you critize the gold asset class because it was effectively used by the Nazis? Of course not. Gold was the best tech to store value across time in the 1940s.
Today, #Bitcoin is used by truly monstrous evil people as well as honest hard working mums and dads because it is the most effective tool to store and transmit wealth that has ever existed.
But here's the silver lining--in a society where strong private property rights are enforced for all, freedom is far more powerful and productive than tyranny. And #Bitcoin is the trojan horse that allows normal plebs like me to enforce our private property rights.
States that remain on a centrally controlled fiat money standard will flounder and fail like North Korea.
But groups of people who use a truly sound money to store and trade will flourish and thrive and outcompete their fiat money Neanderthal cousins.