What happens when *WE* are the wealthy elite?

[CoinDiver]

What happens when *WE* are the wealthy elite?

"WE" being the early early bitcoin adopters. The pioneers. Back when this forum was full of hackers, libertarians and anarcho-capitalists. What happens when bitcoin wins, and the wealthy elite hold very anti-establishment, anti-state points of view?

[wachtwoord]

Something like this? https://www.youtube.com/watch?feature=player_embedded&v=Tc_o56rvpEg

[beatljuice]

Won't change a whole lot, but things will change.

First off, people that come into money don't usually end up keeping it.

Second, look at the Republican party right now. Continually at odds about what political stances are important, so the only "power" they've been able to muster is the power to stop some things (and even there they couldn't stop ObamaCare even though they all agreed on it). And then look at our bitcoin forums where all of these "early adopters" hang out. Do you see a lot of consensus?

How many posts are there for making mining "fare" for the little guys, basically saying they don't REALLY want a free market. Or blaming Coinbase for the loss of coins when someone compromised the victims computer. They're basically saying they want FDIC insurance.

As Ron Paul says, (paraphrased) "We won't get rid of big government overnight, but we might be able to shrink it a little bit at a time." That's what I hope for. First step, un-fund the warmongering!

[Swordsoffreedom]

The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

[twiifm]

The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

[Swordsoffreedom]

The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

I was kidding ^_^ but yah it did sound a bit serious not really sure what a bunch of rich anarchists would do
http://en.wikipedia.org/wiki/Crypto-anarchism
http://en.wikipedia.org/wiki/Anarcho-capitalist

Wiki says this though
In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors rather than centrally through compulsory taxation. Money, along with all other goods and services, would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law, rather than by statute through centrally determined punishment under political monopolies.

[nickenburg]

The central banks will be destroyed, all the 1% will be humiliated for the whole world to see.
After that we will fix the whole world so that everyone will be equal, and we use all the ex-rich bastards to do all the nasty work!

[taylortyler]

The younger generations will be bitching about how they hate everything we do.

[zimmah]

Well  at least 'we' won't be able to print an endless supply of it, so it's still more fair than the current situation.

[twiifm]

The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

I was kidding ^_^ but yah it did sound a bit serious not really sure what a bunch of rich anarchists would do
http://en.wikipedia.org/wiki/Crypto-anarchism
http://en.wikipedia.org/wiki/Anarcho-capitalist

Wiki says this though
In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors rather than centrally through compulsory taxation. Money, along with all other goods and services, would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law, rather than by statute through centrally determined punishment under political monopolies.

Riiight.   So who enforces these contracts if there is no govt and police are private?   

[Swordsoffreedom]

The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

I was kidding ^_^ but yah it did sound a bit serious not really sure what a bunch of rich anarchists would do
http://en.wikipedia.org/wiki/Crypto-anarchism
http://en.wikipedia.org/wiki/Anarcho-capitalist

Wiki says this though
In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors rather than centrally through compulsory taxation. Money, along with all other goods and services, would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law, rather than by statute through centrally determined punishment under political monopolies.

Riiight.   So who enforces these contracts if there is no govt and police are private?   

There would be minimum government didn't say no government there is a difference
Police would still be under the Civil service  the government would still have a legal system just less red tape in the process.
The wikipedia did define it interestingly though but there is a whole army of divergent views there.

The younger generations will be bitching about how they hate everything we do.

The younger generations came to Bitcoin to defeat the old fiat system

[taylortyler]

The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

I was kidding ^_^ but yah it did sound a bit serious not really sure what a bunch of rich anarchists would do
http://en.wikipedia.org/wiki/Crypto-anarchism
http://en.wikipedia.org/wiki/Anarcho-capitalist

Wiki says this though
In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors rather than centrally through compulsory taxation. Money, along with all other goods and services, would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law, rather than by statute through centrally determined punishment under political monopolies.

Riiight.   So who enforces these contracts if there is no govt and police are private?   

There would be minimum government didn't say no government there is a difference
Police would still be under the Civil service  the government would still have a legal system just less red tape in the process.
The wikipedia did define it interestingly though but there is a whole army of divergent views there.

The younger generations will be bitching about how they hate everything we do.

The younger generations came to Bitcoin to defeat the old fiat system

Maybe we will be clinging on to Bitcoin like tptb are clinging on to the dollar, and the younger generation will be trying to introduce the Bitcoin of their era.

[Swordsoffreedom]

Maybe we will be clinging on to Bitcoin like tptb are clinging on to the dollar, and the younger generation will be trying to introduce the Bitcoin of their era.

It's the Circle of Life (Inserts the Lion King)
It's possible when were old and control the financial system with Bitcoins the younger generation will create something new that becomes the basis for a whole new monetary system.
Imagines Sword Art Online or MMORPG type currencies and financial systems inside of a virtual system that people use
Old people we like reality and our Bits.
The young generation would be like the innovations in the virtual world allow us to go further and innovate far more than ever before and we will make a superior currency in there .
That said if the future is Virtual mining for coins inside your head to earn currency that would bring the biggest smile to my face ^_^.

[taylortyler]

Maybe we will be clinging on to Bitcoin like tptb are clinging on to the dollar, and the younger generation will be trying to introduce the Bitcoin of their era.

It's the Circle of Life (Inserts the Lion King)
It's possible when were old and control the financial system with Bitcoins the younger generation will create something new that becomes the basis for a whole new monetary system.
Imagines Sword Art Online or MMORPG type currencies and financial systems inside of a virtual system that people use
Old people we like reality and our Bits.
The young generation would be like the innovations in the virtual world allow us to go further and innovate far more than ever before and we will make a superior currency in there .
That said if the future is Virtual mining for coins inside your head to earn currency that would bring the biggest smile to my face ^_^.

Using our brain power to mine for coins :O I'm gonna go mine for some knowledge right now.

[Swordsoffreedom]

Maybe we will be clinging on to Bitcoin like tptb are clinging on to the dollar, and the younger generation will be trying to introduce the Bitcoin of their era.

It's the Circle of Life (Inserts the Lion King)
It's possible when were old and control the financial system with Bitcoins the younger generation will create something new that becomes the basis for a whole new monetary system.
Imagines Sword Art Online or MMORPG type currencies and financial systems inside of a virtual system that people use
Old people we like reality and our Bits.
The young generation would be like the innovations in the virtual world allow us to go further and innovate far more than ever before and we will make a superior currency in there .
That said if the future is Virtual mining for coins inside your head to earn currency that would bring the biggest smile to my face ^_^.

Using our brain power to mine for coins :O I'm gonna go mine for some knowledge right now.

Well as the saying goes we know that Knowledge is Power
But who knew it could be implemented as a currency system ha-ha.

[Skele]

The younger generations will be bitching about how they hate everything we do.

That always happens throughout history, but envy or better said, evolution, always make us old generations stay still, stronger, inmortal...

[Simon8x]

The younger generations will be bitching about how they hate everything we do.

Probably, but I don't mind if they can create something even cooler.

[Swordsoffreedom]

The younger generations will be bitching about how they hate everything we do.

That always happens throughout history, but envy or better said, evolution, always make us old generations stay still, stronger, inmortal...

We haven't invented immorality yet I'm sure their is a large demand for it especially among the wealthy elite
Maybe that is what the early adopters will create to mess with the new generation and become the immortal wealthy elite...
Yah that would be a bit weird.

[Mervyn_Pumpkinhead]

Ask yourself, what happens if a bunch of uneducated and inexperienced gamblers would suddenly become the leaders of world finance and the economy?

[Swordsoffreedom]

Ask yourself, what happens if a bunch of uneducated and inexperienced gamblers would suddenly become the leaders of world finance and the economy?

More of the same says with a sarcastic snide look

To be honest it would probably be a bit better than you presume these early adopters are closer to technocrats than inexperienced gamblers
One they would need to have a high level understanding of crytography and computer science to be early miners in Bitcoin and second they hold strong political views on how to develop society so it might even be an improvement.

If we look at our current financial system we can easily point out to bailouts of companies in the United States deemed to big to fail and increasing cronyism in politics with retired politicians getting cushy paying jobs as CEO's of large companies when they leave, but if a rich individual who was not raised in that type of culture was to rise to power and finance the worlds economy we might get a substantially different type of system and outcome out of it.

Thinking more along the lines of people like Hal Finney running the government the cypherpunk generation.

From the OP

What happens when *WE* are the wealthy elite?

"WE" being the early early bitcoin adopters. The pioneers. Back when this forum was full of hackers, libertarians and anarcho-capitalists. What happens when bitcoin wins, and the wealthy elite hold very anti-establishment, anti-state points of view?

https://www.youtube.com/watch?v=BgFUAhz7h2U&feature=youtu.be