Great observations. Our political & regulatory systems work very differently than you were taught in civics class. Good analysis of why Libra failed would pierce many of these illusions, but is unlikely: fintech fictions are a much better anti-depressant than Prozac.https://twitter.com/collins_belton/status/1182763283956162560 …
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thank you, I appreciate it. I've been amazed at how quickly and often we humans can shift from a principled stance to cheering for the benevolent authoritarian that champions "our team". Scary because I can feel the sway of that siren song myself.
-
The world is full of people playing the pathological game of using regulators to kill competitors, so it's sad but inevitable that some HODLers would play that game too. But vastly more of that was coming against Libra from central banks and financial industry dependent on them.
- 1 more reply
New conversation -
-
-
That was a good thread. He got the distinction pretty well between a true Republic and this Frankenstein bureaucratic regulatory monster we have.
-
All "true republics" have devolved into this mess There is an unavoidable destruction of accountability & inversion of morality created by forced funding This inevitable corruption will play out again & again until all services are voluntarily funded. There is no other solution
-
The American experiment aimed to create the smallest govt ever w enough decentralization (checks & balances) to keep it small - it was a total failure We now have the largest govt to ever exist There is no way to legitimize the use of force w/o force being used to take more
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.