I agree, though given how many people were killed by governments led by Hitler, Mao and Stalin vs. private actors or groups, the real risk may be not giving people more privacy and freedom and a capital flight conduit that works every time.
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Have you read The Sovereign Individual? It maps out the macroeconomic, socio-technological, and geo-political effects of what the authors have called „cybermoney“
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Yes. I love that book.
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“Now the advent of the Information Age implies another revolution in the character of money... As cybercommerce begins, it will lead inevitably to cybermoney" The Sovereign Individual, 1997
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"A crucial part of this change will come about because of the effect of information technology in liberating the holders of wealth from expropriation through inflation" The Sovereign Individual, 1997
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Yes, if we can have uncensorable capital flight conduits or uncensorable money.
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Does this require a new mode of thinking from agents in the economy? Is there a distinctive cryptoeconomic rationality that adoption will spread more widely?
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100% this. This is no longer 5D chess. This is exponentially more crazy. I'm not sure my part to play but I'm getting out of debt ASAP. Terrifying near term redistribution.
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Near term theft* Central planners aren't realizing the evils they incentivize. Or if they do, fuck them. Age of Aquarius is coming.
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