Skip to main content

Paradigm Shift

The old guard built this movement. Without them, it’s unlikely any of us would be aware that a liberty movement even exists! This alone is an accomplishment. And the history books will look favorably upon them for it - & justifiably so. Their preference for a political approach however, has been ineffective at bringing about liberty (just take a look around, if you’re still permitted). Progress hasn’t just stagnated, we’ve been losing ground rapidly. It’s time for a paradigm shift. One that moves away from the old way of thinking & instead focuses on teaching people how to opt out of corrupt systems & to build competing, market-based alternatives to state institutions. Like sports teams, ideas also get tired & worn out, old players retire, & new, fresh ideas take their place. In the world of ideas, when paradigm shifts occur, the old guard resists the change at first, but eventually comes around to seeing the benefits and virtues of the new way. This is how progres

A Tokambrian Explosion Is Upon Us

A Tokambrian Explosion is unfolding before our very eyes.

The NFT craze has captured the public’s attention & finally put tokenization in the mainstream spotlight. As a counter-economic operator, this moment is long overdue. Once again, it seems the agorists were the first to the table. Indeed, readers of The New Libertarian blog & listeners of The Agora podcast, have been aware of the inevitability of the Tokambrian Explosion since 2018-2019.

Although the public is finally becoming familiar with tokenization, few have grasped it’s disruptive potential.

Non-Fungible Tokens

NFT is short for non-fungible token. A token is a digital representation of ownership that exists on a blockchain ledger. For all intents and purposes, it behaves as any other cryptocurrency does. Fungibility refers to the property of having interchangeable & indistinguishable parts. Since one gram of gold is like every other gram of gold, we say that it’s fungible. On the other hand, each diamond is unique & distinct, and thus isn’t fungible.

Likewise, tokens may be fungible or not, with both variants presenting their own set of valuable counter-economic use cases.

As the agorists predicted, the tokenization of assets has made it possible for anyone, anywhere, to own a piece of a Picasso, & to trade that property title in a decentralized, permissionless fashion - frustrating tax collectors worldwide. As the market for these assets widens from a small crowd of elites gathered at Sotheby’s, to everyone, everywhere - the increased liquidity drives up demand, accounting for the seemingly astronomical prices tokenized art has been fetching.

This has turned the “starving artist” into a well-paid entrepreneur. No longer do they have to toil in their wage-slave jobs to make ends meet; a hellish place where income taxes are extracted from workers in an automatic, machine-like fashion by the political class.

And who were the first to be enriched from these early glimpses at the Tokambrian Explosion? Counter-economists, of course. Crypto-propagandists like Lucho Poletti & Josie Bellini have been tokenizing art long before it hit mainstream outlets. Poletti, Bellini & other crypto-propagandists were well-positioned to benefit from the current NFT craze.

It’s important to understand that the disruption caused by NFTs will not be limited to art. It'll spread throughout every asset class, like an unstoppable wildfire, until there’s nothing left to be tokenized. The chair you're sitting on, the device you’re using to read this article, the shirt on your back - will all be tokenized. Because, why not? Why not make an existing asset more liquid & thus more valuable?

Another fun, counter-economic use case for NFTs which we’ve been teasing at Agoristics for some time now are raffles, drawings & pools. We're intent on creating a political death pool, where 100 non-fungible tokens, each linked to an elderly politician - Joe Biden, the Ayatollah, Queen Elizabeth, etc. - are minted & sold. The first politician to croak will trigger a smart contract payout for the lucky token holder. (The cause for this project’s delay is that it’s proven more difficult to get around the onerous raffle laws than previously expected, but alas, we hope to launch later this year!)

Fungible Tokens

Perhaps the greatest counter-economic use case for tokenization lies in the fungible class. This is particularly the case with regards to financial instruments like securities. Bob Greifeld, the former chairman of Nasdaq & author of Market Movers, believes that within 5 years, every stock & bond trading on Wall Street will be tokenized.

We agorists agree - but we also take it one step further. Tokenized financial instruments will be traded on decentralized exchanges in an unregulated, permissionless fashion. If for no other reason, this will happen because entrepreneurs seeking capital to expand their firms will have a financial incentive NOT to comply with the SEC’s burdensome registration process or to pay a FINRA registered broker’s artificially inflated salary. Thus, the tokenization of securities will disintermediate FINRA much the same way that Bitcoin has disintermediated the Federal Reserve. For more on the agorist use of tokenized securities to bring down the cockroaches infesting the SEC, see this article.

Friends, the current NFT craze is no craze at all, but should rather be seen as a harbinger of what’s to come. Much like the first glimpses of the internet or the automobile caused a stir in their day, so too have NFTs caused a stir in ours, but this is only the beginning.

The blockchains with the strongest tokenization platforms & healthiest token ecosystems will likely be the first to achieve mass adoption. The additional transactions created by tokens are likely to increase the currency’s velocity & thus help to stabilize it, & in a snowball-like effect, this will in turn attract more users & transactions, and so on.

Simple Ledger Protocol

Bitcoin Cash’s Simple Ledger Protocol is currently my favorite token platform for a number of reasons.

First, it’s simple & easy to use. Anyone - & I mean anyone - can create their own token in a matter of minutes by heading over to I personally minted KonkinCoin for this article I wrote a while back, as well as UnlooseTheGoose for a special episode the gaggle & I recorded recently on tokenization. Check that episode out here. Also, SLP support has already been built into much of the BCH infrastructure, such as the popular wallet, meaning users don’t need to take any additional steps in order to securely send, receive & store their tokens.

A second reason to be bullish on SLP is that it offers a better user experience than most other protocols. Currently, the majority of tokens utilize Ethereum’s ERC-20 platform, but are plagued by high gas fees. SLP solves this by enabling tokens to be sent & received almost instantaneously at a negligible cost.

How to Begin?

There are a ton of resources out there for those interested in learning how to begin. For starters, check out this recent article by Jamie Redman. Next, check out this playlist of podcast episodes which cover the various aspects of tokenization, or previous TNL articles; A Blueprint For Stopping the SEC,  Tokenizing Konkin and Technological Agorism. Finally, be sure to join the SLP Telegram chat.

Feel free to leave questions or comments below. I’m curious: Are you as bullish on the Tokambrian Explosion as I am?


Post a Comment

Popular posts from this blog

Dear America, I Won't Be Locking Down

Dear America I won’t be locking down, not that I ever did. And I don’t care about the arbitrary mandates of a geriatric pedophile with a history of dementia. I don’t wear the muzzle or social distance. Nor do I have any plans to start. I won’t be avoiding friends or family & I actively seek out large public gatherings. Needless to say, it’ll be a cold, cold day in hell before the government injects my living body with a foreign substance or keeps me from my family on Thanksgiving Day. You see, I knew from day one that COVID was a hoax. More specifically, when videos of Chinese people dropping dead in the streets were being broadcasted by Western propaganda outlets, it became clear this was essentially a soft coup. As a general rule, anything coming from the CCP should immediately be assumed to be intentionally falsified for malicious purposes. Friends, what has happened is obvious. The political cartel has manufactured a virus because fear enables them to seize power & furthers

In Defense of Left Libertarianism

Marx was right, but Marxism is stupid. Let me explain… Marx’s fundamental critique that the working class is being exploited by the upper class is true. This is so inherently obvious in the modern political climate that I find it bewildering the notion even needs defending. In fact, today, the working class has been so thoroughly exploited that they can now be more accurately termed the working poor . Go to Manhattan, the neoliberal shithole from whence I came - and try to find a worker who both lives & resides there. You can’t. There aren’t any. The elites have successfully used a combination of high taxes & a denial of civil liberties to expel the working class from their homes. Trust me, I am among the expelled. The anarcho-capitalist habit of turning a blind eye to class theory is a grave mistake, as it sweeps real concerns under the rug. In doing so they dismiss the plight of an enormous contingent of the public - labor. No, we agorists aren’t seeking an abandonment of met

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