Tag: democracy

The final installment of the Bitcoin Is Not Democratic series explores how a society built on Bitcoin may function and how merit will supersede politics as a mode of social organization.Thinking about the effect Bitcoin has and will have on the organization of human society sends one down many rabbit holes. We’ve been down a few already.In...

The death of Democracy is around the corner — what will replace it? As Bitcoin changes the very fabric of society, we’ll need new modes of governance and coexistence.With each new installment of this series, the Clown World simulation takes it up a notch.Part Three kicked off with the stupidity happening in Canada....

Part three of the “Bitcoin Is Not Democratic” series explores the building blocks necessary to construct a civilization that transcends politics.If you still happen to think Bitcoin and democracy are somehow related, then you’re either wilfully ignorant or you’ve missed parts one and two of this series, in which case, please read them...

Democracy is antithetical to the fundamentals of private property rights and, therefore, the functional, fair organization of society.Earlier this month I published part one of the “Bitcoin Is Not Democratic” series. In order to get a handle on how we can avoid the mistakes of the present, in part two, we’ll dive deeper into...

As the concept of “democracy” regresses before our eyes, Bitcoin presents a new way of ordering society and incentivizing progress.“…the proponents of government intervention are trapped in a fatal contradiction: they assume that individuals are not competent to run their own affairs or to hire experts to advise them. And yet they also assume that these same individuals are equipped to...

To be considered a free society, one must have the ability to choose the most free form of money.IntroductionThe current system of government in the U.S. has a bad reputation among many Bitcoiners and arguably for good reason. This system is loosely called a “democracy” but appears to be more a tyranny of the majority. A democratically elected government that has...

Mass adoption of Bitcoin isn’t important. Selective adoption is and always has been how any revolutionary technology or transformation comes about. The masses will join by default.I recently read “Isaiah’s Job” by Albert J Nock. It’s an essay that inspired generations of anarcho capitalists and libertarians such as Rothbard and Rand, so if you’ve not yet read it, do so now or...

Capitalism is an often cited scapegoat for the issues of the economy, but it is quite misunderstood in relation to democracy.Throughout history, there has been a cyclical phenomenon characterized by Neill Howe and William Strauss as the four turnings.1 The basic premise of the theory is that civil unrest and major war is cyclical and occurs about every four generations. This...

In 2017, high-flying bitcoiners attempted to foment democracy in Venezuela by airdropping crypto and paper wallets. What did we learn from these experiments?