Skip to main content

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

Using Your Bitcoin





So we've got a wallet, we've invested in it, now what? Honest answer, start looking at all of the avenues to use your crypto. You will quickly realize that it's a lot like walking through your favorite store with $1000 cash in your pocket, the potential is limitless and the rabbit hole only gets deeper.

First and foremost, run a quick search for "vendors accept Bitcoin", what do you see? A relatively impressive, broad, and tempting list of companies. The list has grown substantially since around 2014, and includes a number of sites that appeal to the type of cyber enthusiast who would be attracted to crypto in the first place, places like The Pirate Bay, Newegg, and ExpressVPN. Additionally you can order Domino's Pizza, buy knick knacks off Etsy, or shop on Amazon.


For those who can't find a preferred vendor that explicitly accepts Bitcoin, well there are other options. For one, you can get a cryptocurrency debit card. Most operate on one of two methods for funding the card. You either have a crypto wallet that connects directly to the card, the type of service Coinbase offers, though not currently available in the US. The other option is to fund the card by depositing crypto into a card specific wallet, the type of service offered by bitpay. Generally, either method will convert your cryptocurrency at the time of purchase when used at any debit card accepting vendor.

All of this is pretty cool isn't it, especially if you're new investment wallet has gone from say $1000, to $1300 in value, you're practically able to spend free money at any place you'd like. What does all this mean for the future of cryptocurrency? Great question, and the answer is something that was foreseen a decade ago, when Bitcoin was started as a ledger. It means that Bitcoin will indefinitely become the most attractive, and most used currency worldwide. It's impossible to regulate so it's not subject to manipulation by Government, plain and simple. It gives humanity a way of holding onto what is truly theirs, tax free. Of course you'll be extorted into reporting your earnings on crypto, but why would you do that?

The operating platform for cryptocurrency is unmatched by any other currency to ever exist. Given enough time, and enough information shared about cryptocurrency, a large number of assets will be liquidated into cryptocurrency in some way, shape or form. As of 2017, the global market cap for money was greater than $80 trillion, that's only money, it does not include all other types of assets like gold, stocks, and real estate. The market cap for Bitcoin alone is currently at around $200 billion. When global markets begin to crash due to inflation and Government manipulation/intervention, there won't be a complete loss of value in the livelihoods of billions of people. That value has to go somewhere, and when cryptocurrency is so easy and available for use, well just do the math. The current price for 1 BTC is around $11,500, so in an ideal scenario where literally all value in fiat currency is siphoned into Bitcoin, you're looking at 1 BTC holding a value of $4.6 million. That's not an outrageous estimation, of course not all of that value will go into Bitcoin alone, there are other cryptocurrencies out there, but I didn't even account for the liquidation of real estate or stocks, which together hold much more value than money.

Cryptocurrency has an incredibly bright future, and in turn so does humanity.

Follow me on Twitter: @pop_toy


Find a list of useful links and citations for my market cap numbers below:

https://www.coinbase.com/card

https://bitpay.com/card/

https://www.coindesk.com/price/bitcoin

https://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/






Comments

Popular posts from this blog

The Truth About Global Warming

Libertarians who deny the existence of global warming run the risk of making us all look like a bunch of illiterate fools. Much like economics, being ignorant of planetology or climate science isn't a crime, but having a "loud and vociferous" opinion on the subject while remaining in a state of ignorance can be a dangerous thing. And frankly, the science behind climate change is elementary. Sunlight enters our atmosphere and warms our planet. Earth then gives off that heat in the form of infrared radiation (this is the same principle behind those cool goggles our collapsitarian friends have). However, and this is a crucial point - the CO₂ molecules in our atmosphere do not allow IR to easily escape back into space. This is known as the greenhouse effect. As the temperature of the planet increases, polar ice caps melt and eventually surface water will begin to evaporate. Since H₂0 also prevents IR from escaping our atmosphere, the additional water vapor only compound

The Counter-Economics of COVID

In March 2020 - some say earlier, but by March 2020 at latest - the banking had sector collapsed. In response, coronavirus was manufactured as a scapegoat to justify the liquidity injection necessary to keep the Federal Reserve’s ponzi scheme alive. The State’s narrative would henceforth be: ‘Since all businesses were shut down, an unprecedented amount of money must be printed and distributed to the public.’ Milton Friedman’s helicopter money had come to fruition. But like a junkie chasing his initial high, the Fed had become immune to the effects of monetary stimulus. Each injection requiring a stronger, more potent dose of cheap & easy money. Less than two years later, and the effects of that stimulus have now waned & the banksters are poised to pull off another heist. As the business cycle continues to ebb and flow until the day of final reckoning, the State can be expected to behave in an increasingly erratic fashion. Like a cornered cat, or a fish out of water, the State

The Trouble With Dave Smith

  On the issues, Dave & most agorists can find agreement 99 out of 100 times, but as libertarians we have a habit, a pastime - a duty even, to seek out & argue over the 1% of things we don’t agree on. In keeping with that tradition friends, I've got to tell you, when it comes to strategy, Dave Smith seriously fumbles the ball. The fundamental issue is that @comicdavesmith is interested in creating libertarians, whereas agorists are interested in creating liberty. Dave has a classic case of @perbylund ’s Savior Complex - the irrational desire of individualists to save the collective whole of society. There are lots of problems with this, but even if creating libertarians is a worthy goal, does that mean the Libertarian Party is the best vehicle to accomplish this task? Has anything the Libertarian Party ever done caused even a slight retreat of statism? Dave rightly points to his own success at spreading the message of liberty. It's true, no one - save Ron Paul or Tom