The New Libertarian

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

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

Even if you aren’t prepared to engage in radical counter-economics, there are small steps everyone can take to either participate in, or at a minimum, support the counter-economy. I’ve assembled a list of 5 simple ways everyday people can participate in the agorist revolution. Food Trucks Food trucks not only often have excellent food, but they can also help push back against the state. In what is normally a cash business, food truck operators are better positioned to hide income from the state than other vendors such as chain grocery stores. Also, the more amateur the operation, the more likely the vendor is unlicensed; see the 7 year old NY child-slave, who’s lemonade stand was shut down by emissaries from Emperor Cuomo. Given the grey market dominance of the food truck business, it’s no wonder we’ve seen the industry blossom over the past couple decades. Food trucks have progressed from the standard roach coach to the present diverse array of taco trucks, gr