Why Bitcoin Will End the Nation State

[username18333]

. . .

Many newcomers to bitcoin question its 'killer application'. But bitcoin's key use has been here since its very inception -- the end of central banking and the unravelling of the nation state.

Three reasons why bitcoin will end the nation state:

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.
3. Bitcoin transitions the nature of violence.

Watch the full video at https://www.youtube.com/watch?v=p5xdQPdpLGo&list=PLpWIYlii1DeYim3a9gJDSVh3PZn5kx2YQ&index=1

1. Bitcoin, as a valued money, corresponds (at least, in part) to “meatspace” economic activity and, therefore, your “national economies.”

2. Transaction fees are a sort of tax, for they are demanded of any that participates in that economy for the supposed sake of its maintenance and “the greater good” of “the end of central banking.”

3. Violence transpires about conviction and a lack thereof: those of whom conviction has demanded violence will be moved to violence still; those of whom a lack thereof would permit them violence will persist in their yielding thereunto.

. . .

1. The price fluctuates and speculators peg its value against the USD. However, the miner who creates new coins themselves, then spends those coins to buy goods, does not touch national currency. The bitcoin economy can, and does (but not always) operate independent of our national economies.

2. For the time being, countries have forced bitcoin into existing frameworks such as a property asset or a commodity. However, who does a miner pay taxes to when he conducts a transaction directly in bitcoin? There exist so many legal loopholes that trying to tax bitcoin as is, is essentially plugging holes in a sinking ship. The only way taxation would be levied effectively is through a supranational type of regulation (perhaps through technology itself rather than judicial) which would look nothing like our national taxation strategies.

3. Currency derives a large part of its value from the force capable of being inflicted or defended from its military force. Think about which military force creates the most violence in the world? When people are using a money supply which cannot be manipulated and money printed, the military industrial complex which these forces thrive on will wither up (not completely disappear), and experience a radical downsizing.

These 3 reasons, among others, are why bitcoin will end the nation state.

. . .

. . .

1. Bitcoin, as a valued money, corresponds (at least, in part) to “meatspace” economic activity and, therefore, your “national economies.”

2. Transaction fees are a sort of tax, for they are demanded of any that participates in that economy for the supposed sake of its maintenance and “the greater good” of “the end of central banking.”

3. Violence transpires about conviction and a lack thereof: those of whom conviction has demanded violence will be moved to violence still; those of whom a lack thereof would permit them violence will persist in their yielding thereunto.

[1714693404]

1714693404

[BitMos]

State media.

https://en.wikipedia.org/wiki/Pravda

What most fail to understand is that what ever is said, reality can't be changed. You don't believe me? A few letters to prove my point : F.U.K.U.S.H.I.M.A. Reality is a "Wall" so hard that it's only possible to get trough it trough D.E.A.T.H. Nothing else. And apparently for 99.999999999999999% of us since the beginning of time, a one way street.

State Media = https://en.wikipedia.org/wiki/Musicians_of_the_RMS_Titanic

Understand that those under influence of what isn't real will end up doing - saying - believing tragic things for themselves first and foremost, example : https://en.wikipedia.org/wiki/Let_them_eat_cake

But State Media doesn't have to be in reality denial... and who forces you to take their input for facts?

In the United States of America, IN GOD WE TRUST, but the press benefits from A1 too.

And more generally on the topic, bitcoin what ever the trust, is still as an innovation way way behind the Constitution of the United States of America and it's Bill of Rights.

[username18333]

Delusional to think a new technology can destroy a government.

printing press.

State media.

https://en.wikipedia.org/wiki/Pravda

What most fail to understand is that what ever is said, reality can't be changed. You don't believe me? A few letters to prove my point : F.U.K.U.S.H.I.M.A. Reality is a "Wall" so hard that it's only possible to get trough it trough D.E.A.T.H. Nothing else. And apparently for 99.999999999999999% of us since the beginning of time, a one way street.

State Media = https://en.wikipedia.org/wiki/Musicians_of_the_RMS_Titanic

Understand that those under influence of what isn't real will end up doing - saying - believing tragic things for themselves first and foremost, example : https://en.wikipedia.org/wiki/Let_them_eat_cake

But State Media doesn't have to be in reality denial... and who forces you to take their input for facts?

In the United States of America, IN GOD WE TRUST, but the press benefits from A1 too.

And more generally on the topic, bitcoin what ever the trust, is still as an innovation way way behind the Constitution of the United States of America and it's Bill of Rights.

The U.S. Bill of Rights enables the governmental bodies defined by the U.S. Constitution to assume powers that this does not grant to them otherwise, for it establishes, as a precedent, the positive definition of the limits thereof.

[ObscureBean]

I'm sorry but the guy in that video is either incredibly naive or completely delusional. There's absolutely no way that Bitcoin, in it's current form, will ever be anything more than an interesting curiosity to the masses. The blockchain technology is awesome but is not nearly enough or complete in and of itself. It will require a fair amount of genius-level designing and coding to take Bitcoin to the next level. And it doesn't look like that's gonna happen anytime soon. Unless Satoshi is quietly working on some next gen Bitcoin tech that addresses the flaws in his original work 

[BADecker]

If people in general don't see a whole lot of advantages to Bitcoin, they will support the nation State no matter what Bitcoin attempts to do.

The only way that Bitcoin might destroy the nation State is a bad way. The government might figure out ways to use Bitcoin to destroy itself, because government officials have found ways to make slaves of the people using Bitcoin. Common people have never been very smart when it comes to seeing what is happening in government. If they were smart, they would have stopped police brutality long ago.

[conizer14]

This is going to get a bit heated on this thread methinks

[Bit_Happy]

Nation states simply need to be smaller and more libertarian. 
Having a secure option for alternative money is a great start.

[countryfree]

Silly dreams. I haven't watched the video, a smart guy wouldn't make such a claim. Nation states can live without any kind of income tax. As long as there are land owners and people willing to pay to make sure streets are safe and clean, the nation state's future is safe.

[BADecker]

Silly dreams. I haven't watched the video, a smart guy wouldn't make such a claim. Nation states can live without any kind of income tax. As long as there are land owners and people willing to pay to make sure streets are safe and clean, the nation state's future is safe.

But, the nation State would be a lot different if the monetary support that came to it was all voluntarily donated by totally free, voluntary giving, not required by contribution or tax.