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Showing posts from December, 2020

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

Against the LP

Agorism has no room for politics.  The Agora & political institutions can coexist no more than a state of marriage & bachelorhood can coexist. Counter-economics & politicking are likewise mutually exclusive. Frankly, it should seem obvious that engaging in politics & anti-politics is contradictory & self-defeating. It wouldn’t make much sense to get chemo in the morning & smoke a pack of Marlboros in the evening, so why would one seek to destroy the government today, and empower it tomorrow?  Just as a chemist who tests a logically inconsistent theory will experience failure, so too will social scientists & revolutionaries experience failure when they pursue inconsistent theories.  Note that without exception - every gain made by the liberty community in the past 15 years has been produced by the counter-economy & that no other faction of our movement can claim even a small victory . Here’s a brief look at the scoreboard: Whereas the LP & small gov

Four Cornerstones of Bitcoin

Some time ago I wrote a short piece that I called " Notes on Bitcoin as a Reserve Currency " where I laid out some basic thoughts on the concept of becoming your own bank, and one of the possible side effects of that (spelled out in the title of the blog post). I then sent a link to it to Sal, because I knew I would get some great feedback on it. I was right. Sal sent me a great reply and it helped me to further flesh out the idea and this blog entry is basically that. I tried to, foolishly, jump over the fundamentals and Sal pulled me back down to the trenches. "Intrinsic" Value "To a naive observer, money made out of precious metal was 'sound money' because the piece of precious metal was an 'intrinsically' valuable object, while paper money was 'bad money' because its value was only 'artificial'. But even the layman who holds this opinion accepts the money in the course of business transactions, not for the sake of its industr