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Showing posts from September, 2020

Degenerate Agorism

Of course cultural degeneracy shouldn’t be “normalized.” The fact is, the recent conversation propelled by some right-libertarians has been entirely fallacious from the get-go. Cultural decline is the direct result of central bankers manipulating the rate of interest & in no way justifies the initiation of force on otherwise peaceful people. It helps to understand the root causes of social phenomena. Degeneracy is a function of time preference. Those with a high time preference generally place a higher value on present conditions than future conditions. These folks are more likely to engage in risky behavior like drug use, sexual promiscuity, & binge eating - preferring present satisfaction over the long term consequences of their behavior. In contrast, those with a lower time preference place a higher value on future conditions than present conditions. Since adults with children have a vested interest in future conditions, they tend to fall in this category. Also, since consu

Against the IFP

Centralizing control over a currency’s infrastructure is a seemingly obvious mistake. One would think any Austro-libertarian worth their salt would be able to see thru such a charade. Yet here we are, again. Face to face with economic illiteracy. Not garden variety lefist economic illiteracy, but one far more stinging and painful - one which comes from within our own community, rather than from without.  First, Bitcoiners faced the economic illiteracy of maximalism and small blockers. Attempts to masquerade money’s primary function as value storage (Ammous) or rejecting Menger’s Regression Theorem altogether (Szabo) are luckily demonstrably false. Nevertheless, the shock of our fellow Bitcoiners illiteracy was like an unexpected slap in the face. Suddenly, we were forced to confront the fact that the ignorance of our allies in the fight for sound money, had led them astray. Yet, thru BCH we were thankfully able to keep Satoshi’s dream of peer to peer cash intact.