And that's why we have bitcoin.
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Replying to @hennokun @SoakerPatoshi and
Ability to resist state censorship and political control is literally the only reason Bitcoin has value.
3 replies 6 retweets 50 likes -
Replying to @_Kevin_Pham @hennokun and
Humans created the government they want to overthrow.
2 replies 0 retweets 11 likes -
Replying to @SoakerPatoshi @hennokun and
I don't want to overthrow governments, I want to check their monopoly power.
2 replies 6 retweets 52 likes -
Replying to @_Kevin_Pham @SoakerPatoshi and
Do you think monetary policy is really the most important government power that needs checking? For me I'm not even sure it's in the top 5.
53 replies 17 retweets 88 likes -
Replying to @VitalikButerin @_Kevin_Pham and
Its central to the power structure which enables all other functions.
1 reply 3 retweets 64 likes -
Replying to @FluidFluxation @_Kevin_Pham and
If I had to choose a "central power structure that enables all the others" I would have gone for the military.....
18 replies 6 retweets 38 likes -
Replying to @VitalikButerin @FluidFluxation and
And how are nation states able to finance said military?
7 replies 1 retweet 153 likes -
Replying to @_Kevin_Pham @FluidFluxation and
Taxes. Which could happen just as easily under a gold standard. Crypto would make some types of taxes harder to collect, but we could just substitute with other taxes.
9 replies 2 retweets 21 likes -
Replying to @VitalikButerin @_Kevin_Pham and
We also use defecits which is essentialy cheap debt for a privileged borrower created out of thin air to pay for the military, and that would have to change
1 reply 0 retweets 0 likes
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