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Author Topic: Beyond Bitcoin: the Second Realm  (Read 990 times)
Andrew Bitcoiner
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February 19, 2012, 10:47:35 PM
 #1

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.

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February 19, 2012, 11:24:53 PM
 #2

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.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
...
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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February 20, 2012, 04:01:51 AM
 #3

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.
 
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February 20, 2012, 09:01:12 PM
 #4

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.


Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
...
...
In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
...
...
ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
...
...
The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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