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Title: Beyond Bitcoin: the Second Realm Post by: Andrew Bitcoiner on February 19, 2012, 10:47:35 PM http://www.billstclair.com/second-realm-strategy.pdf
I found this article to be especially insightful food for thought for those of us considering the full ramifications of crypto-currencies and the promise of achieving greater liberty. This article is comprehensive in all manner of practical and philosophical considerations of taking our crypto-graphic hobby into every area of life without jumping the shark into wishful thinking. Comments welcome. Title: Re: Beyond Bitcoin: the Second Realm Post by: westkybitcoins on February 19, 2012, 11:24:53 PM http://www.billstclair.com/second-realm-strategy.pdf I found this article to be especially insightful food for thought for those of us considering the full ramifications of crypto-currencies and the promise of achieving greater liberty. This article is comprehensive in all manner of practical and philosophical considerations of taking our crypto-graphic hobby into every area of life without jumping the shark into wishful thinking. Comments welcome. Reading the article; watching the thread. Title: Re: Beyond Bitcoin: the Second Realm Post by: bb113 on February 20, 2012, 04:01:51 AM Quote Libertarian class theory describes two classes of people in society: Those that pay more taxes than they consume of public services, and those that consume more public services than they pay taxes. That is: Taxpayers and Tax-feeders. What is under-appreciated is the size of the second group. In most developing countries, tax-feeders make up far more than a third of the employed, from direct bureaucrats to industries living of public money or regulation. In many developed countries, tax-feeders have approach or passed 50% (The massive creation of fiat currency has allowed governments to keep this unsustainable game going… so far.) Millions of people profit from this arrangement and will fight to keep it going till the last moment. How is this calculated? How do I calculate whether or not I am taxpayer or taxfeeder? Is someone who grew up on welfare and went to college payed for with government grants, but now pays $100k a year in taxes, a tax feeder or taxpayer? This does not seem to be a useful dichotomy due to the difficulty in quantifying the benefits an individual accrues from public services. Title: Re: Beyond Bitcoin: the Second Realm Post by: westkybitcoins on February 20, 2012, 09:01:12 PM Wow. Quite a read--wasn't expecting a 73-page booklet, but it wasn't dense, and was intriguing enough that I actually finished it.
I'll give you some feedback, both the negative and the positive, when I have more time. |