Nick Szabo  🔑

Horseshoe theory of Bitcoin: crypto utopians and crypto skeptics overlap more with each other on the topic of Bitcoin vs alternatives than they’d like to admit

Another interesting aspect is that they laud the supposed "independence" of central banks from governments one sentence, and then laud the supposedly unshakable "floor under fiat" of tax collection in the next.

What is needed is actually secure independence of money from politics, which the Bitcoin protocol does much better than any other prior monetary system.

It’s astounding that there are no serious proposals or calls to increase the independence of the Fed in response to Bitcoin’s rise. Like not having the president appoint the chairperson

Bitcoin is not a political campaign, begging beurocrats to change. Bitcoin is #agorism, manifesting change and building a better society without anyone's permission.

I didn’t mean to imply that Bitcoin is a political campaign. I’m just surprised that the pro central bank critics of Bitcoin aren’t steelmanning themselves. They’re intelligent people yet they get hung up on irrelevant details like energy consumption or transactions per second.

And did any of the pro-fiat extremists bring up Bitcoin’s CVE inflation bug? I didn’t see them dramatizing it, huge missed opportunity. I guess they’re just not as competent as I expected.

Well, they might have had no clue about what happened. This was a minute bug, with strong incentives against exploitation, and it was pretty much instantly fixed. The question is, is Nouriel reading the @bitcoinoptech newsletter yet?

For any given argument against Bitcoin, conclusive counter-arguments have never stopped Bitcoin skeptics from making the argument! All these Ivy League galaxy brains and very few good pro-fiat arguments being made