Taking a deep dive into Libra's whitepaper, @lawrencehwhite1 finds himself in murky waters: https://www.alt-m.org/2019/07/02/libras-unresolved-puzzles/ … @DiegoZuluagaL @norbertjmichel @WilliamJLuther @NickSzabo4 @jp_koning @jerrybrito @saifedean
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Is Wrongthink not a voluntary network? Or, to rephrase, suppose I don't want to rent you my establishment. (1) does that make me an opponent of the free market? and (2) what has it do do with free choice in currency? I'm really missing something here.
What you are missing is that today's digitally centralized finance is eminently censorable, with far more completeness a to much finer granularity than previous forms of money, especially the most common ones like bearer bank notes, coins, and jewelry, allowed.
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“On the one hand, a centralized system with disenfranchised participants, like the electronically tagged animals in feedlots, and, on the other hand, a system where each participant is able to protect its own interest, like buyers and sellers on a town market square”
@chaumdotcom -
- The future of money hearing before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services House of Representatives One Hundred Fourth Congress JULY 25, 1995 https://archive.org/stream/futureofmoneyhea01unit/futureofmoneyhea01unit_djvu.txt …
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