I refuse to believe that Carstens from the BIS is the most sophisticated critic of Bitcoin. There has to be a really intelligent pro-fiat central bank economist out there who is writing a piece with steel-manned arguments against Bitcoin's continued future growth.
-
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
-
I appreciate you inviting the opposition and debates. I love that and it is healthy for the community. Education and awareness is so important. I just really like this debate here.https://youtu.be/q8R71WGO3qU
-
Schiff did really well in that debate, as Voorhees has become an incoherent charlatan with regards to altcoins and scarcity.
- 3 more replies
New conversation -
-
-
Digital Scarcity + Independence from Gov't and Banks = Satoshi's Gift to the World
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Not just creation, the entire policy: - Possible options to sovereignly manage your own finances: multisig, nLockTime, no TX expiry, TX signing seperate from broadcasting - Upgrades only pushed with near full consensus - Not a single entity bound protocol (i.e. USA owning SWIFT)
End of conversation
New conversation -
-
-
bitcoin was born in an era of zero cryptocurrency regulation, which was a great freedom. to keep moving forward with innovation today we have no choice but to be informed and prepared for the political and regulatory structures that are being implemented around the globe
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What's stopping politicians from accepting Bitcoin?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This truly would be the magic bullet !!! Politics is all about control of money !!! Only when the power of the private Banking cartel is crushed will we truly see meaningful Political Governance . BTC is already being eaten like a cancer from the predatory regulatory environment.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I'd argue what is needed is the independence of politics from money. This seems to be an issue that censorship resistance promoting btc maxers tend to ignore. Should there be no campaign financing or lobbying regulation?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Isn't bitcoins biggest downfall that it's all politics ? As in 51% hashrate "vote" ? At least with gold you can't ever change the rules with more mining pwr/vote.
-
"Changing the rules" for bitcoin is akin to "Agreeing that a different substance is valuable instead of gold"... Very much a possibility.
-
Let's see bitcoin has changed the protocol a ton of times already vs the 1000's of years gold has been money.... I'll take my chances with gold I guess
-
Aye, you keep spending gold to buy bread and gas then. ^_^
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.