Martin Armstrong Discussion

[sidhujag]

Lol Sidhujag can you stop trying to shill your non-fungible, non-store of value currencies (aka not money) in this thread and get back to trying to trick children into buying some Syscoin on the street corners of Calcutta.

Crypto has moe uoa sov gold has uoa only and fiat has uoa and moe. Gold does not compete as money. World sees crypto as paradaigm shift in money. Get that? Everything else is fluff, its about perception and confidence. Until that changes with another paradaigm shift, crypto remains on top. Check out ideal money. No offense but maybe your iq is not high enough to understand and Im a coder so I hate explaining like your 5.

Btw calcutta is a great move thanks. Banking the unbanked! We are beating stripe before they get there. With Syscoin you will be able to get yourself an identity for free (unbanked and moneyless) and then sell shit on decentralized marketplace and get banked. Perhaps then stand up a proposal and then be funded by the blockchain to do work that the project needs.

God, another dumb and false Sidhujag post.  I started with MEL then Python while also getting into C.  Now you're going to claim Python isn't a programming language because it's not low level enough, or it's not lisp or something stupid.  But please don't let me stop you from going back to your previous lies like saying India has the best schools in the world.  They're so good that the 3d industry tried outsourcing to India and it failed miserably more than any outsourcing experiment in history.  And please keep repeating the lie that bitcoin is a store of value when it's a currency and not even money in the first place. 

You require severe delusion to believe some imaginary tokens that are flash mined in the span of a couple years will then decide who rules the world from there to eternity.  The only way that paradigm could be true is if it was a carefully orchestrated govt scam in the first place, but you seem to disagree that it is.

You are making stuff up to make yourself feel like you feel relevant.  India does have some of the top schools for computer scientists in the world, maybe your too ignorant to understand that though. Anyways if you dont understand sov and paradaigm shift atleast the perception of it then you really are a noob and no point in talking.

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[realr0ach]

Another debunking of Sidhujag bullshit.  Why IOTA and Byteball are useless, but more importantly, why bitcoin so-called triple entry accounting is fake and doesn't even exist.

The r0ach report 27: No, DAGs (IOTA + Byteball) are not useful, and Bitcoin so called "triple entry accounting" isn't real

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-27-no-dags-iota-byteball-are-not-useful-and-bitcoin-so-called-triple-entry-accounting-isn-t-real

[realr0ach]

And why the Anonymint view on technology being good is (anonymint's favorite word) myopic:

From the Steemit thread:  

https://steemit.com/internet/@schattenjaeger/net-neutrality-is-not-a-human-right-it-s-socialism

What are you smoking? Net neutrality is the idea that you pay a flat fee to a broadband provider and they aren't allowed to manipulate your content. If they are allowed to manipulate your content, you aren't using an "internet", you're using an "intranet" because they will firewall off competitors or ideas they don't want people to have access too.

The end result is that there is no internet and there's only serfs who have the ability to choose which corporate walled garden (like the apple store) to subscribe to. So yea, you are sort of correct stating net neutrality is "socialism", if by that you mean all large, complex, public works projects are incapable of being done by the private sector because they don't have the land usage rights or millions of other rights to lay down pipes everywhere on other people's property to facilitate that business.

So I guess the argument boils down to the fact that socialism is anti-freedom, but can temporarily leverage resources to create larger, more complex structures than the private sector, before socialism inevitably collapses from immediately turning into crony capitalism. This makes "freedom" kind of a pro-Amish movement, but a free society will be less able to leverage resources to tackle big problems or create technological spectacles. This makes the Amish kind of right that technology is a deal with the devil. If you want the internet, then you want socialism, otherwise you're getting an intranet.

[sidhujag]

Another debunking of Sidhujag bullshit.  Why IOTA and Byteball are useless, but more importantly, why bitcoin so-called triple entry accounting is fake and doesn't even exist.

The r0ach report 27: No, DAGs (IOTA + Byteball) are not useful, and Bitcoin so called "triple entry accounting" isn't real

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-27-no-dags-iota-byteball-are-not-useful-and-bitcoin-so-called-triple-entry-accounting-isn-t-real

You still havent read the szabo article I linked to you many times. Do that first. Iota i agree on.. spectre protocol is much better (aviv's project). But your wrong on so many levels its hard to know where to start with u other than telling you to read more.

[CornCube]

Need to travel? Got gold? You're fucked. Trade gold for cryptocurrency is required.

The revision of the First Cash Control Regulation from 2005, which stipulated that EU citizens should register cash in excess of € 10,000 when leaving the EU or when returning to the customs authorities have to, is what is under review. They want to lower the number and include gold, gemstones, and cash debit cards.

Interestingly, cryptocurrencies are not to be regarded as cash. Why? They are not sure how to detect them. The EU explanation reads: “Despite the high risk emanating from cryptocurrencies like Bitcoin, these are not added to the cash. The reason for this is that the customs authorities lack the technical means to discover cryptocurrencies. “

[realr0ach]

Another debunking of Sidhujag bullshit.  Why IOTA and Byteball are useless, but more importantly, why bitcoin so-called triple entry accounting is fake and doesn't even exist.

The r0ach report 27: No, DAGs (IOTA + Byteball) are not useful, and Bitcoin so called "triple entry accounting" isn't real

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-27-no-dags-iota-byteball-are-not-useful-and-bitcoin-so-called-triple-entry-accounting-isn-t-real

You still havent read the szabo article I linked to you many times. Do that first. Iota i agree on.. spectre protocol is much better (aviv's project). But your wrong on so many levels its hard to know where to start with u other than telling you to read more.

LOL, the Szabo view makes the erroneous assumption that PoW doesn't centralize more by the day resulting in something resembling a federated chain.  So yea, his stupid economic view might work if everyone pretends a federated chain is "decentralized".  The so called fundamentals are all lies pushed by people who know it but lie anyway, while the price is entirely a fraud as well.  People like the Winklevoss have 200,000 coins they bought for next to nothing they can send to Coinbase and use as margin collateral to 10-50x the price overnight (the same thing that was done to create the artificially high Ethereum price on Poloniex).  

Do you really think it's a good idea for people to be able to rig markets by putting up collateral that not only has no real value due to not being a real commodity, but it's a completely imaginary asset that doesn't exist in the first place?  That's an even bigger scam than the fraudulent Wall Street markets that existed before it.  And it's not just bitcoin, they can create an infinite amount of coins and do this over and over.  How is that not a scam? lol.  These markets are all just fraud bubbles and the only type of assets that have real value are ones that exist in the real world you can take physical delivery of.

[realr0ach]

Cuckoldcube posted some entirely wrong thesis about what the right and left is, so I had to post the real thing:

http://steemit.com/life/@r0achtheunsavory/the-r0ach-report-28-the-most-politically-incorrect-thing-posted-on-steemit-before-that-s-obviously-true

All that exists in reality is natural selection and evolution, which gives no shits about your political opinion.  The goal of evolution is to cull the dysfunctional and prevent them from spreading and causing the whole system to collapse. Natural selection and evolution have given us systems like patriarchy because things like matriarchy...don't work for one reason or another.  The one thing evolution does well is create lots of endless variables and throw them at a dartboard to see what works.  This means lots of things that don't work will be created in the process.

Any organism that is incapable of reproducing (like lesbians or asexuals) are technically errors because they are defacto evolutionary dead ends.  The evolutionary dead ends as well as functional products of natural selection are both equally selfish and form various interest groups.  This is how you get the so-called "left".  It's mostly a coalition of things like lesbians, feminists, neurotic jews, etc.  What do all these groups have in common?  They don't see themselves fitting into the mainstream evolutionary product.  A world where they don't fit in is deemed useless to them, and thus they want to destroy it while attempting to spread their dysfunctional group in which they fit in, but has no evolutionary viability.

Various factions move back and forth between the so-called right and left for whatever reason, but at it's heart, the left is a dysfunctional, antithesis of human, evolutionary dead end based on inferiority complex.

[sidhujag]

Another debunking of Sidhujag bullshit.  Why IOTA and Byteball are useless, but more importantly, why bitcoin so-called triple entry accounting is fake and doesn't even exist.

The r0ach report 27: No, DAGs (IOTA + Byteball) are not useful, and Bitcoin so called "triple entry accounting" isn't real

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-27-no-dags-iota-byteball-are-not-useful-and-bitcoin-so-called-triple-entry-accounting-isn-t-real

You still havent read the szabo article I linked to you many times. Do that first. Iota i agree on.. spectre protocol is much better (aviv's project). But your wrong on so many levels its hard to know where to start with u other than telling you to read more.

LOL, the Szabo view makes the erroneous assumption that PoW doesn't centralize more by the day resulting in something resembling a federated chain.  So yea, his stupid economic view might work if everyone pretends a federated chain is "decentralized".  The so called fundamentals are all lies pushed by people who know it but lie anyway, while the price is entirely a fraud as well.  People like the Winklevoss have 200,000 coins they bought for next to nothing they can send to Coinbase and use as margin collateral to 10-50x the price overnight (the same thing that was done to create the artificially high Ethereum price on Poloniex).  

Do you really think it's a good idea for people to be able to rig markets by putting up collateral that not only has no real value due to not being a real commodity, but it's a completely imaginary asset that doesn't exist in the first place?  That's an even bigger scam than the fraudulent Wall Street markets that existed before it.  And it's not just bitcoin, they can create an infinite amount of coins and do this over and over.  How is that not a scam? lol.  These markets are all just fraud bubbles and the only type of assets that have real value are ones that exist in the real world you can take physical delivery of.

Wtf welcome to the real world buddy?! You dont know how todays markets work? Why do you think are pushing for dex so hard? Well with my new assets feature all stocks and bonds can actually be on chain. Anytime iou comes to play u will get debt based pseudo instruments created automatically. I dont think you are referring to the same malthuse article im talking about. He doesnt even mention crypto in it.

[CoinCube]

Cuckoldcube posted some entirely wrong thesis about what the right and left is, so I had to post the real thing:

http://steemit.com/life/@r0achtheunsavory/the-r0ach-report-28-the-most-politically-incorrect-thing-posted-on-steemit-before-that-s-obviously-true

All that exists in reality is natural selection and evolution, which gives no shits about your political opinion.  

An opposing view:

Here is a very short little video clip that describes the fundamental difference between the right and the left. I highly recommend watching it.

https://www.youtube.com/watch?v=GPVDfhXQfw8&app=desktop

r0ach's bolded core assumption above is false. However, to show that requires a fairly deep philosophical discussion.

Briefly and borrowing the words of Bruce Charlton who is more articulate on this topic then I am.

"Most mainstream metaphysical assumptions are incoherent wrt. epistemology. As examples:

If natural selection is assumed metaphysically true, as the only and sufficient explanation of Man; then human reason must be a product of natural selection; which means that human reason can never know anything (because natural selection is about differential fitness, not about truth).  

If it is assumed that the universe is assumed to be a combination of randomness and determinism; then we personally could never know this - because we personally would be a combination of randomness and determinism and could never know anything. The universe might actually Be random/ determined - but if so, we personally could never know that."

A more detailed analysis of this point for those interested in this topic can be found here:

Metaphysics comes before Epistemology
http://charltonteaching.blogspot.com/2017/12/metaphysics-comes-before-epistemology.html?m=1

[jepoyr1]

Okay, makes sense, so this temporary low in 2016.75 could be much worse than 2008? And will stay bad for some time?

[sidhujag]

Okay, makes sense, so this temporary low in 2016.75 could be much worse than 2008? And will stay bad for some time?

It was 2015.75

[realr0ach]

It was 2015.75

Welcome to the bullshit world of Armstrong where he claimed gold was going to "crash to the abyss", what was it, $800 or something he said?  Now he says this:

"How does this end? Armstrong says, “Our computers are showing that interest rates are going to go up faster than anybody has ever seen in history. . . . You are looking at a doubling of interest rates very, very rapidly. . . . Gold and equities are the place to be.”"

First he was saying dump gold WHEN IT WAS AT THE FLOOR, now he says buy gold lol. 

His train of thought I'm guessing is that if interest rates go to the moon like after the so-called "Nixon oil shock", govts would collapse from not being able to service the debt without trying to hyperinflate it away to make the payments lower.  So all he's really saying is massive inflation on the way.  Gold and silver typically vastly outperform stocks in hyperinflation scenarios, and metals are already right near cost of production floor anyway.  Metals are a no-brainer over stocks.  Stocks also take a jump off a cliff before going up when govts get into currency/inflation trouble like that as well.

[CornCube]

If you really want to talk about the HERE and NOW....

Who cares about making transactions via cryptocurrencies, really? They are a speculation vehicle based on their future utility once major adoption occurs. No one wants to buy their coffee in a neutral-inflation (or deflationary) cryptocurrency when they can buy it with the inflationary capital they have.

Agreed. Which is why this entire scaling nonsense from Core has just been a power grab.

As I wrote upthread, I’m very grateful for the drama and trading opportunities.

Yet there’s one group that does care about making transactions with cryptocurrencies. Specifically those who are using tokens for something they want to participate in. They’re not in it for investment; yet maybe the investors also want in it.

And that’s why we’ll not quickly get significant adoption (other than speculation on the future) without onboarding to the masses onto some activity (which requires cryptocurrency) other than just speculation. Steem has been a very illuminating experiment and now a Top 1000 website, but the details are mucked up a bit.

Try to live off of cryptocurrency only for a while and tell me how that works out. Hint: using a debit card or other service that converts crypto to FIAT is not living off of only cryptocurrency.

The most significant use cases of tokenization aren’t to pay for things I normally pay for with fiat. Rather for new paradigms that fiat can’t be used to pay for. The ChangeTip Must Die argument is incorrect, because who wants to maintain 100s of subscriptions!

[...]

Only Bcash FUDsters want to buy their coffee with cryptocurrency.

Sorry incorrect. Many reasons needed to send crypto transactions. I need fast and reliable crypto transactions. When BTC transactions slow down to an hour or more for the first confirmation, there will be a mad rush into BCH. We’ll see the price spike, and so goes the life of taking candy from babies.

...

[...]

Bitcoin is a PRIVATIZED reserve currency, store-of-value asset, not a medium-of-exchange! As faith in PUBLIC institutions collapses, Bitcoin is the new gold, precisely as was written in the original Bitcoin whitepaper. Which correlates with Martin Armstrong's 51.6 year oscillating shift between PRIVATE assets (e.g. gold and now Bitcoin) and PUBLIC institution assets (e.g. sovereign bonds). Real estate isn't entirely a private asset, because taxes have to be paid to the government, no one has an allodial title, and the government can seize the land for emminent domain.

[sidhujag]

It was 2015.75

Welcome to the bullshit world of Armstrong where he claimed gold was going to "crash to the abyss", what was it, $800 or something he said?  Now he says this:

"How does this end? Armstrong says, “Our computers are showing that interest rates are going to go up faster than anybody has ever seen in history. . . . You are looking at a doubling of interest rates very, very rapidly. . . . Gold and equities are the place to be.”"

First he was saying dump gold WHEN IT WAS AT THE FLOOR, now he says buy gold lol. 

His train of thought I'm guessing is that if interest rates go to the moon like after the so-called "Nixon oil shock", govts would collapse from not being able to service the debt without trying to hyperinflate it away to make the payments lower.  So all he's really saying is massive inflation on the way.  Gold and silver typically vastly outperform stocks in hyperinflation scenarios, and metals are already right near cost of production floor anyway.  Metals are a no-brainer over stocks.  Stocks also take a jump off a cliff before going up when govts get into currency/inflation trouble like that as well.

Oil shock was a malthusian event which led capital to flee towards safe havens. Phosphorate which cannot be synthesized and used by farmers extensively went up much more than any other commodity. Now malthusian event just ended and even if another came bitcoin had dethroned gold as a safe haven just as I predicted when I told you the "next time btc passes gold in price it will be for good". I tend to be subtle in my comments hoping you would have the IQ to decipher my meanings but I was undoubtedly wrong. So now bitcoin which already will replace fiat is also seen as a better sov than metals.. hence the S based adoption curve we are seeing and an amazing price discovery with the likes of which we have never and will never see again in any asset in our or our childrens lifetimes.

[CornCube]

Here is a very short little video clip that describes the fundamental difference between the right and the left. I highly recommend watching it.

https://www.youtube.com/watch?v=GPVDfhXQfw8

Bruce Charlton once again is making up dogmatic bullshit. I don't feel any brotherhood with that overbearing Jew who thinks he knows what is right and wrong as if he appointed himself to be God.

The left and right are both trying to dictate morality. They both reach for top-down control, with the religious conservatives obfuscating their power trip in guise of religion being the absolute truth that everyone must follow lest we incorrigibles go to Hell and be disrespected in the Jewish or Christian circles.

None of them are following Jesus' wisdom in Matthew 6:5 to STFU and pray in their closet and leaving the judging about morality to God at the gate to heaven.

[realr0ach]

Sidhujag, are you one of those noobs who claims commodification of ASICs is inevitable when there's absolutely no incentive for it to happen?  What about Anonymint?  There's my take on it:

Mining has eventual low, uniform profit per unit of (hardware $  + energy $). Both hardware and energy markets are seriously skewed, that's what allows monopolies.

No, there's absolutely no reason this paradigm will ever change because technology that exists is just a reflection of asymmetric intelligence distribution of humans, further compounded by the huge overhead to build said devices which limits participation to a handful of individuals on the planet.  You're basically pretending a bunch of peons can crowd source a bitcoin miner better than intel can build, or that commodification of ASICs is inevitable when it's obviously not.

There is no incentive to sell a money printing machine for less or equal money than it would make you unless the goal is simply to put on a ruse and pretend a few other people mine bitcoin besides yourself so you can claim it's decentralized (when it's really not).  But those other people will still be making less money than you since they have to buy your miner, allowing you to retain slumlord monopoly.  That doesn't even get into the fact that they might value power over the system rather than money and refuse to sell even at a profit. Let's also not forget that in adversarial mining you can automatically eliminate your rivals simply by having larger hash power. Bitcoin is DESIGNED to centralize in about 1000 different ways, period.

Instead of "commodification" of ASIC, the next step will be someone like IBM or Intel making graphene transistors and tipping bitcoin from 99% to 100% centralized.

[CornCube]

@realroach of course commodization of mining is nonsense. And Bitcoin will be entirely centralized at the Zionist end game, exactly how they planned it when they created Bitcoin. Where is that link to Szabo's federation theory of mining? I think it's somewhat true that the game theory of proof-of-work prevents a rogue whale/miner from taking 51% control to do abhorrent actions which destroy the system. Yet at the end game (which is perhaps decades from now) of the death of stored, fungible monetary value, all those whales are locked into a "one for all, all for one" top-down, totalitarian control system to try to sustain the value of their useless stored value units.

Now understand my prior post (the quote of my discussion with CoinHoarder) and my theme about the knowledge age is about where blockchains are going that the creators of Bitcoin may not have realized:

The industrial laborer was just a new kind of slave

Yes because he was fungible (replaceable). That was the key theme of an essay I wrote circa 2012 or 2013, about why technology has the potential to move us beyond fungible investments and finance. It's difficult to own or finance creativity, because it's not fungible and thus can't be aggregated in economies-of-scale.

The "Zionists" (kings of finance and capture of the government with their economies-of-scale) may be at the end of their rope and taking all the collectivism morass down with them. Socialism was necessary for the fungible slave to have a bargaining position. Voting was superior to constant civil war.

[...] hence the S based adoption curve we are seeing and an amazing price discovery with the likes of which we have never and will never see again in any asset in our or our childrens lifetimes.

Thus, another 10,000X gain may still be coming for the project which fulfills my knowledge age theme. Bitcoin may not be the last one we will see in our lifetime. The train may not have left the station yet.

[CoinCube]

Here is a very short little video clip that describes the fundamental difference between the right and the left. I highly recommend watching it.

https://www.youtube.com/watch?v=GPVDfhXQfw8

Bruce Charlton once again is making up dogmatic bullshit. I don't feel any brotherhood with that overbearing Jew who thinks he knows what is right and wrong as if he appointed himself to be God.

The left and right are both trying to dictate morality. They both reach for top-down control, with the religious conservatives obfuscating their power trip in guise of religion being the absolute truth that everyone must follow lest we incorrigibles go to Hell and be disrespected in the Jewish or Christian circles.

None of them are following Jesus' wisdom in Matthew 6:5 to STFU and pray in their closet and leaving the judging about morality to God at the gate to heaven.

The quote was Bruce Charlton who is Christian not Jewish. The video clip is of Dennis Prager who is a conservative Jew.

As I said before I profoundly disagree with your interpretation of the book of Matthew.

A text taken out of context, becomes a pretext.

I disagree with the implication that Matthew 6:5 should be read as a prohibition against Bruce Charlton sharing his thoughts on religion with others on his private blog or Dennis Prager from sharing his understanding of the religious implications of the left right divide in his homemade video clips.

I would refer you to the following:
Mark 16:15
Matthew 24:14
Psalms 96:3
Revelation 14:6-7
Matthew 28:19-20

Judging the world around us is nothing more then a decision making process. It is the application of prior knowledge to make a determination about the state of current reality. It is a determination ultimately of what is true and what is false to the best of our limited ability.

If one tried to live by the principle that we can never make judgments one could not live life. The concept is ultimately incoherent.

The Book of Matthew is not telling us to do the impossible. It is telling us the proper way to consider others who are living in a way we disagree with. It warns us that ultimately we ourselves will be held to the same harsh standards we apply to others.

Matthew 7:1


(1) Judge not, that you be not judged. (2) For with what judgment you judge, you shall be judged: and with what measure you mete, it shall be measured to you again. (3) And why behold you the mote that is in your brother's eye, but consider not the beam that is in your own eye? (4) or how will you say to your brother, Let me pull out the mote out of your eye; and, behold, a beam is in your own eye? (5)You hypocrite, first cast out the beam out of your own eye; and then shall you see clearly to cast out the mote out of your brother's eye.

When we judge we should strive to be free of hypocrisy. Given flawed human nature this necessitates that the focus of our judgement should primarily be focused inward on ourselves. We should strive to first consider the beam in our own eye as this is the primary problem. Only after we fix ourselves are we in a position to help others fix themselves.


Matthew 7:1: The Most Misunderstood Bible Verse
http://thediscerningsheep.blogspot.com/2014/12/matthew-71-most-misunderstood-bible.html?m=1

[CornCube]

If one tried to live by the principle that we can never make judgments one could not live life. The concept is ultimately incoherent.

Ultimately unless he can conquer, enslave me, and force me to submit to his morality, then it's all hot air from my perspective. I will not attempt to pretend I know anything about his power over others, probably because I don't care to know.

Basically they're just all babbling idiots which I should ignore.

I'm generally more approachable when people don't speak down to me (and others). Dispensing with his absolute conviction about morality would be a start of someone I might be willing to absorb and contemplate. If he could recognize that what he is doing is analogous in some way to the very left he despises, might indicate to me that he is a smart and observant person with sufficient humility about the futility of absolutes.

I think generally most people just ignore and don't even bother to give such feedback. I should probably adopt that more invisible reaction.

In short, politics and religion is a battle over top-down control. Rather I just accept the world is diverse and I'm not going to be able to form a society of like-minded people. Ultimately economic arguments are what matters. I would probably be more interested if these dudes were telling me how I can be more competitive (and obviously gaming the collective will incentivize me to become less competitive).

I would be more interested perhaps if he was able to argue that conservatives are going to dominate the earth and so I better join them or else. I doubt such a convincing argument could be made successfully. Thus it's all rhetoric to play in the propaganda game of politics. The leftists tell me that I must adopt their morality or else they'll have the government destroy me. The conservatives tell me I have to adopt their morality else I will go to Hell. Basically they're both trying to intimidate me into joining their dysfunctional cults.

The don't throw your pearls at swine scripture comes to mind. Politicking is throwing feces at swine. If they had pearls, they'd be more circumspect.

I realized while writing this that I am not right, left, Libertarian, nor even min-anarchist. I'm apolitical. I'm a technologist. And I'm a man.

[CoinCube]

In short, politics and religion is a battle over top-down control. Rather I just accept the world is diverse and I'm not going to be able to form a society of like-minded people. Ultimately economic arguments are what matters. I would probably be more interested if these dudes were telling me how I can be more competitive.

They are telling you how to be more competitive. They are simply highlighting how to be competitive globally and holistically on a multi generational timeline.

In my opinion you will have great difficulties forming a society of like-minded people because your core positions are mutually exclusive. You can eliminate top down control or you can be competitive you cannot do both.

Freedom requires self-control to maintain coherence. The more knowledgeable and freer the society the more self-control is needed. When a society chooses to reject internal self-control aka moral restraint it leads inevitably to external political restraint aka a police state. The only alternative to those two possibilities is the general loss of coherence and the wanton destruction of accumulated knowledge.

Economic arguments are important but secondary for economics and game theory are ultimately driven by morality and ethics.

We have disagreed on this point in the past.
See: Superrationality and the Infinite