Interesting article, I've reached my 50-Merit limit for your posts unfortunately, so don't worry, I'll come back here later.
It’s really difficult to "label" Bitcoin. Since Bitcoin is only code, I wouldn’t label it as anything. It’s just Bitcoin.
Bitcoin has so many aspects and yes, we could "label" some of these
aspects but we won’t get a clear picture what Bitcoin,
as a whole, really is:
- Libertarian = it’s your own money, you only need to remember 12 words
- Progressive = a completely new technology
- Conservative = Bitcoin will help to conserve your monetary value (hard money, capped at 21M coins)
- Anarchist = Bitcoin is anti-dictatorship money
- Constitutionalist = Code is law!
- Transparent = everyone can verify if a transaction happened, coins were moved etc.
- Private = people can take some steps to protect privacy
- Democratic = run your own node and participate in the Bitcoin network
- …. (I could add dozens more)
And yes, some of these
single aspects can be labelled as "anarchist" or "libertarian" etc. but for (most likely) everything I can argue for the exact opposite.
Let’s take "anarchist", implying that means "unchained". At the same time, Bitcoin is completely the opposite of "anarchist" because Bitcoin is indeed following the same rules- for everyone. The rules are defined in the code.
Bitcoin is "unchained money" and "coded Blockchain money" at the same time.
There are so many explanations, what Bitcoin is. We could write some educated books about it, we wouldn’t find the answer because such an answer does not exist in my opinion.
Crypto Anarchists, like Eric Hughes, Tim May, John Perry Barlow or David Chaum have been the earliest adopters but I’m in doubt if they want to be labelled from an economic side.
Especially, I’m in doubt if they would want to be associated with what some "Libertarians" are intending, as "what’s Libertarian?" is hard to explain: there are so many people who claim to be "Libertarians" but when they are explaining their vision, I’ve so far not come to a conclusion what their end goal really is:
For example, let’s take people like Jeff Bezos, Peter Thiel and Elon Musk. Jeff Bezos just constructed a new "support yacht" because his new Superyacht needs a support yacht, where he can land his helicopter. Sounds completely exaggerated? Yes –
but it’s true. How could that happen? By wrongly applied "Libertarianism" because people like Jeff Bezos, Elon Musk or Peter Thiel are seeing "Libertarianism": "Nobody needs to follow any rules".
But that will ultimately fail.
Jeff Bezos is buying a "support yacht" for his new sailing yacht because he has too much money...
Elon Musk is orchestrating a shitshow on Twitter as he has done for Tesla (Tesla’s stock is down 60%, so many people lost money).
Peter Thiel is CEO of a private surveilance company (Palantir), and that company is know for spying on normal people. At the same time, he’s calling himself a "Libertarian" while he’s openly opposing the free market because in his opinion, monopolies are better. That has nothing to do with "liberal / libertarian" values. A free and fair market
But in his "Libertarianism", he’s allowed to create a monopoly, to crush the free market because Thiel simply can do it due to his wealth (and get even more wealthy from his monopoly). There’s a great article about
Thiel’s bullshit here.
And similar to Thiel, many rich people are pushing such a "Libertarian" strategy.
"Libertarian" has become a sponge word used by everyone and the people pushing this "Libertarianism" (which is exactly the opposite of that what would be really beneficial for normal people like getting rid of powerful structures abusing anything to their advantage) just want to replace currently existing rules with their own rules.
And that’s where I’ve questioned how to turn Libertarian theories into reality because always someone like Bezos, Thiel or Musk will come and abuse a
vacuum of power.
It’s very important to understand the consequences of a
vaccum of power.
Some Libertarian theories explicitly try to remove any rules but when there are no rules (vacuum), this vacuum will be filled by those who have or will quickly accumulate power (money).
Maybe you’ve also played monopoly (the game). There are some rules how to play but it always turns out when very late in the game one person owned all of the streets, placing hotels on it and everyone else goes bankrupt (because you can’t pay your rent). That’s a likely outcome how Thiel’s vision would escalate quickly.
On a much bigger scale than our monopoly of course, where the monopoly game could be your city.
It’s not a secret that when there are no rules, chaos will arise. Just imagine the forum where no DT would be active, no rules would be in place and spam piling up because it’s not getting deleted.
Some players filling this vaccum might be nice, get powerful but don’t do many harmful things. Some other players filling the vaccum might be the opposite and they will abuse any vaccum for their profit. And these evil players will crush everyone, nobody could stop them at one point.
Similar like Thiel intends to construct his monopoly: remove all rules and when all rules are removed, use your money (power) to establish your own (insane) rules (his monopoly). Netzpolitik.org, the site where I’ve linked the article above, calls Thiel’s vision "anti-democratic Libertarianism".
And that’s exactly what Thiel is trying to do: trying to dictate the rules himself.
That’s vacuum of power.
I can’t see in regard of Libertarian visions any concept of how the end game could suceed.
Libertarians (or what some people claim to be) have provided interesting visions and part of that are very important and also relevant for Bitcoin. But the end game from Libertarianism is similar like Communism, it just doesn’t work because it’s quickly abused by a small, wealthy and powerful group of people.
So far, nobody could address arising problems of these visions, both Communism and Libertarianism.
Most likely "Libertariansm" is an utopia itself and Bitcoin is what we need to understand, how to fix some flawed libertarian thoughts. Bitcoin is so powerful on so many layers and it will probably teach us to understand some flaws of Libertarianism and other aspects because Bitcoin is addressing the
vaccum of power issue.
There’s a big difference between what Libertarian theories say and what Bitcoin says. Bitcoin is following clear rules, everything is certain. There’s no
vacuum of power in Bitcoin.
So, to come back to my initial conclusion:
In my opinion, Bitcoin is a big mixture of different characteristics and the mixture is very well evaluated making Bitcoin so promising. It’s libertarian, constitutional, progressive, conservative, digital and verifiable at the same time. But removing the flaws for what Bitcoin does.
Something like Bitcoin has never existed before because it’s completely unique.
And in my opinion, it’ll never be possible to "label" Bitcoin properly because Bitcoin is so unique.