Why Bitcoin Will End the Nation State

[Paleus]

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.

[1713531150]

1713531150

[1713531150]

1713531150

[iamback]

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.

BS! China and Russia banned it. It is taxable every where else, e.g. the USA.

[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.

[Snail2]

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

Sweet dreams my cosmopolitan friend. Isn't it?

Your "reasons" are wrong.

1. BTC isn't independent. It's speculative vehicle and its value basically pegged to fiat.
2. It's taxed everywhere except in countries where it's banned or still under the radar.
3. Violence is for resources. BTC is just yet another resource. No difference.

[conizer14]

This argument is flawed... bigtime.

There isn't and I doubt there ever will be an "untaxable" money supply.

[username18333]

Writcoin™ creates a heterarchical monetary authority by permitting its end users to “spend” money into existence—approximating anarchist communism.

Though its coinbase transactions are, by their definition, unspendable, one’s mining efforts would still be appreciated.

Your statement concerning these currencies is not entirely accurate regarding their monetary authorities.

[Ingatqhvq]

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

All these  reasons can't make bitcoin end.

[Chef Ramsay]

Bitcoin may be a driving force where the productive can opt out and reallocate their wealth outside of the nation state. However, the nation state is hammering the nail in its own coffin by their spending and ill policies toward their citizens that will proffer alternatives to their present currencies.

[username18333]

Bitcoin may be a driving force where the productive can opt out and reallocate their wealth outside of the nation state. However, the nation state is hammering the nail in its own coffin by their spending and ill policies toward their citizens that will proffer alternatives to their present currencies.

If one could not realize its “value given but not yet received,” a currency would be economically meaningless.

[arbitrage001]

Delusional to think a new technology can destroy a government.

[Paleus]

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.

BS! China and Russia banned it. It is taxable every where else, e.g. the USA.

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.

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

Sweet dreams my cosmopolitan friend. Isn't it?

Your "reasons" are wrong.

1. BTC isn't independent. It's speculative vehicle and its value basically pegged to fiat.
2. It's taxed everywhere except in countries where it's banned or still under the radar.
3. Violence is for resources. BTC is just yet another resource. No difference.

This argument is flawed... bigtime.

There isn't and I doubt there ever will be an "untaxable" money supply.

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.

Delusional to think a new technology can destroy a government.

Delusional? Consider the technological innovation of gunpowder in feudal times. Organized religion was largely held as the governing body in these times, and we know what happened in the wake of this revolution. Technological developments created strong incentives to downsize governing institutions and lower their costs. A similar technological revolution is happening before our eyes, and is destined to downsize radically the nation state early in the new millennium.

[King Karma]

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.

But aren't these reasons why the powers that be will try squash or throttle it? If it's a threat to them and it's hard to tax they're not going to want to just sit back and let that happen.

[BADecker]

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.

BS! China and Russia banned it. It is taxable every where else, e.g. the USA.

At most, China and Russia will force it to go underground. This will cause the people to develop all kinds of new methods to bypass government, just so that they can survive.

As far as taxation and regulation go, call it what you will. But the sooner that people wake up to the truth that taxation and regulation of Bitcoin, is NOT really taxation and regulation of Bitcoin, but rather taxation and regulation of the people, the better off we all will be.

[Snail2]

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.

Delusional to think a new technology can destroy a government.

Delusional? Consider the technological innovation of gunpowder in feudal times. Organized religion was largely held as the governing body in these times, and we know what happened in the wake of this revolution. Technological developments created strong incentives to downsize governing institutions and lower their costs. A similar technological revolution is happening before our eyes, and is destined to downsize radically the nation state early in the new millennium.

1. Theoretically this is a good reason, but in practice almost all miners are dumping their coins for fiat (or hoarding those coins for dumping later) in the wake of a "dam lambo" (© Spoetnik) or just for paying their electricity bills.
2. Here in the UK as soon as you want to buy something with your BTC you have to pay VAT. CT, IT and CGT also applies, depending on your activities. I like your optimistic views, but unfortunately the taxman tends to be very resourceful.
3. At this moment the tip of the little finger of the military industrial complex worth more than the whole bitcoin economy. If you want to economically "overpower" them every satoshi should worth millions or billions of dollars. I'd like that, but to be frank such achievement seems to be quite unlikely. In addition the military industrial complex servicing a very real customer demand (everybody want to kill and/or plunder someone else) and since the first sharp sticks and stone axes proved to be very adaptive and tenacious .

[Elwar]

As long as a group of people can combine their resources to have more power than you, they will have more power than you.

[RixDollar]

The intention is to circumvent, not destroy governments.

The former is in the process of occurring, the latter is not a relative function.

[BADecker]

The intention is to circumvent, not destroy governments.

The former is in the process of occurring, the latter is not a relative function.

Don't worry. All governments implode if they are not destroyed by some other governments, or their own citizens.

[iamback]

1. Bitcoin is independant of our national economies.
2. Bitcoin is an untaxable money supply.

BS! China and Russia banned it. It is taxable every where else, e.g. the USA.

At most, China and Russia will force it to go underground. This will cause the people to develop all kinds of new methods to bypass government, just so that they can survive.

Yes of course.

I was only addressing what Bitcoin is today, not the ramifications and future.

We don't know yet if Bitcoin is Napster though. Gnutella survived, Napster didn't.

[BitMos]

Delusional to think a new technology can destroy a government.

printing press.

[username18333]

Delusional to think a new technology can destroy a government.

printing press.

State media.