henq (OP)
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November 27, 2013, 01:53:52 AM |
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Either if bitcoin will grow for many years (what i think will happen) or if it will implode at some stage, Libertarianism will gain power in politics.
Here's why:
Libertarians, or people with light to heavy libertarian ideas, are proportionally over-represented among the early investors in/adopters of Bitcoin.
So at some point they will cash out and part of them will become rich, some very. That will give this group of people a way to buy influence, support campaigns of libertarian politicians and so forth, like they never could before.
The world will become a better place.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Sindelar1938
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November 27, 2013, 04:07:52 PM |
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Excellent point
That's a cheery thought actually!
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Hawker
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November 27, 2013, 04:22:59 PM |
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Not all of us who invested back in single digit days are libertarians  |
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Ecurb123
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November 27, 2013, 08:36:37 PM |
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Not all of us who invested back in single digit days are libertarians Don't be so sure, I think you'll find more than a few. |
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Hawker
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November 27, 2013, 09:12:41 PM |
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Not all of us who invested back in single digit days are libertarians Don't be so sure, I think you'll find more than a few. Oh I agree. My friends all regard me as being right wing. Here on bitcointalk everyone regards me as a socialist. |
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Ecurb123
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November 27, 2013, 09:16:29 PM |
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Not all of us who invested back in single digit days are libertarians Don't be so sure, I think you'll find more than a few. Oh I agree. My friends all regard me as being right wing. Here on bitcointalk everyone regards me as a socialist. Ah got ya. I really don't think the average people out there have any idea what to think of me, probably same for you. |
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zachcope
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November 28, 2013, 11:39:17 PM |
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I am socially liberal but have found that economic liberalism often describes a laissez fair attitude to trans national corporations rather than true individual economic freedom.
However the combination of freedom of information (Internet) and freedom of currency (BTC) now means personal economic liberty is more accessible to those across the world. Globalisation is now attainable for individuals.
Bitcoin has led me to change my economic views and has shown how libertarian economics might succeed in this century without all that Keynesian nonsense.
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Carlton Banks
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November 29, 2013, 12:01:58 AM |
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More powerful (IMO) hypothesis:
Brain wallet services will only improve in their security and ease of use.
People (ALL bitcoin users) will get to this tipping point where they start to say: "I'm not paying. Whatever it is you say I have to pay, I'm not paying. Arrest me. Take my things. I will not pay."
They can't arrest everyone and take everyone's possessions.
This has never been possible before, because money has always been either physical, or under the control of institutions. Now, it's possible. The situation changes to this: "I'll give you some money, tell me what your plans are, and we'll work out what a sensible donation would be". Government will be decentralised. These middlemen politicians? No use for them. We talk it through with the people who plan and execute public works all by ourselves.
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Vires in numeris
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