Skip to main content

WTF Crypto-Anarchy??

Crypto-anarchism is a political ideology that advocates the use of cryptography and other technologies to protect individual privacy, freedom, and autonomy from state interference. Crypto-anarchists believe that by encrypting their communications and transactions, we can create a decentralized and voluntary society that is immune to censorship, surveillance, and taxation. The term crypto-anarchism was coined by Timothy C. May in his 1988 "Crypto Anarchist Manifesto", where he declared: "Crypto Anarchy is the cyberspatial realization of anarchism, transcending national boundaries and freeing individuals to make the economic arrangements they wish, consensually." May was one of the founders of the cypherpunk movement, a group of activists and hackers who promoted the use of cryptography and digital currencies to challenge the authority of governments and corporations. The cypherpunks were influenced by libertarian and anarchist thinkers such as Murray Rothbard, David
Post a Comment

Tokenizing Konkin





Heads up to the SEC: You parasites are officially on notice.

As anyone who has been following along at The Agora or The New Libertarian is well aware - we here are of the conviction that the coming tokenization of securities and assets will successfully disintermediate FINRA. A while back I wrote this article explaining how tokens are to the SEC as 3D-printers are to the ATF, or cryptocurrencies are to the Federal Reserve.

With this in mind, I decided to take the SLP token creator in Electron Cash for a spin. To my pleasant surprise, I discovered that the process is so simple, that in comparison, it makes assembling IKEA furniture seem like splitting the atom. For detailed instructions, check out this wonderful article by Jamie Redman or this recent tutorial by Roger Ver.

Anyway, in less than 10 minutes I had created 10.5 million KonkinCoin, with ticker symbol “SEK3” to honor the late founder of agorism and moved them all into my Badger wallet.

The first thing to stand out (other than ease of use), is the historical significance that’s so easily lost to most casual observers. Entrepreneurs no longer need to trudge through an expensive registration process with the SEC. In fact, the burdensome cost of compliance incentivizes market actors to move their business from the white market to the anarchic, black and grey. Moreover, those who are already participating in the counter-economy can now access additional capital by taking their ventures public.

One point of irony: After creating KonkinCoin, I was reviewing Redman’s article when I noticed something interesting-



Someone had already created an SLP token with ticker symbol “SEKIII” prior to my creation of KonkinCoin (ticker: SEK3)! You know the BCH community is healthy when there are already two competing tokens to honor the late founder of agorism!

Such exciting stuff! Leave your SLP address in the comments to receive a bunch of KonkinCoin!





Labels:

Comments

  1. HogeyeMay 8, 2019 at 6:09 AM

    Great for anyone who wants to create a local/alternative currency.

    ReplyDelete
  2. Chris TroutnerMay 8, 2019 at 8:15 AM

    Stoked you has such a positive experience and are sharing it with others! That's exactly what this technology needs right now.

    ReplyDelete
    Replies
    1. Sal MayweatherMay 8, 2019 at 12:56 PM

      Yes! It's still incredibly early, but the "tokembrian explosion" (to quote a friend) is certainly coming!

      Delete
  3. Roger VerMay 8, 2019 at 11:22 AM

    Maybe I'll make a Rothbard coin soon. Send me some tokens please!
    simpleledger:qzx30dpgc4etjvqkfz53kn2kq97lle848sejtsa22q

    ReplyDelete
    Replies
    1. Sal MayweatherMay 8, 2019 at 12:57 PM

      Rothbard Coin! Love it!! KonkinCoin en route.

      Delete

Post a Comment

Popular posts from this blog

The Economics of BTC Maximalism

BTC maximalism is a flawed doctrine, fallacious in numerous respects.  First, if you'd prefer to hear these arguments in audio, check out this recent episode of ABNP , where @mrpseu & I discused these same topics.  Also, a qualifier: I'm not capable of making, defending or refuting technical arguments. I'll leave that aspect of the debate to others. My concerns with BTC maximalism are entirely economic and can be divided into four areas.  Based on the criteria for saleability as laid out by the austrian school, BTC is not the most marketable digital commodity. A lack of portability relative to other cryptocurrencies implies BTC isn't as sound of a commodity.  Value storage is a secondary function of money and cannot satisfy the use-value requirement of regression theorem.  BTC maximalism lays waste to the Hayekian notion of competition as a discovery procedure. This final point was addressed in detail on episode 50 of The Agora, Crypto-Economics
79 comments
Read more

Weathering With You: An Agorist Perspective

If someone asked you what your favorite emotion was, how do you think you’d answer? For many people, I suspect they would answer “Happiness”, “Joy'', or some variant of exclusively positive emotion. Someone may think more meticulously and answer with “Contentment”, which while a positive emotion has a lot of nuance attached to it. However my answer to that question is what I feel others would consider more orthodox: Bittersweet. Pleasure accompanied by suffering, not exactly most people’s first pick but from my perspective pain is necessary in order to enjoy the pleasure that life gives you. Perhaps I'm over-romanticizing but there’s something to desire from looking back fondly at times where you were hurting and seeing yourself in a better place in the present. Perhaps you finally have moved on from “The one who got away” and can look back on those times with fondness. Perhaps you are sharing stories of a friend or family member at their funeral and though they may never w
Post a Comment
Read more

WTF Crypto-Anarchy??

Crypto-anarchism is a political ideology that advocates the use of cryptography and other technologies to protect individual privacy, freedom, and autonomy from state interference. Crypto-anarchists believe that by encrypting their communications and transactions, we can create a decentralized and voluntary society that is immune to censorship, surveillance, and taxation. The term crypto-anarchism was coined by Timothy C. May in his 1988 "Crypto Anarchist Manifesto", where he declared: "Crypto Anarchy is the cyberspatial realization of anarchism, transcending national boundaries and freeing individuals to make the economic arrangements they wish, consensually." May was one of the founders of the cypherpunk movement, a group of activists and hackers who promoted the use of cryptography and digital currencies to challenge the authority of governments and corporations. The cypherpunks were influenced by libertarian and anarchist thinkers such as Murray Rothbard, David
Post a Comment
Read more