0 sats \ 0 replies \ @l0k18 25 Jun 2023 \ on: deleted by author bitcoin
Bitcoin is the perfect "outside money", because it is a self-sustaining, non-state entity without leadership and a stringent enforcement of protocol rules. They will eventually come around, once they figure out that it means they can't surreptitiously rob the people with inflation and use it to fund activities against the interests of the people.
I think there is some possibility for an evolution of the consensus on nation states and money where "inside money" and every notion that allows such things as imputing citizenship without consent and a virtual employer status that permits statutes to be enforced on them. (statutes are rules of a corporation for its agents).
As some have said, it could permit a peaceful balkanisation of the world, where federations whose size became such a threat to privacy and global security and even possibly the viability of life for a time on the planet, it's a no brainer, just have to throw all the psychopaths over the front of the boat so they get chopped by rotors of the engine :D
I was watching a documentary last night on the Diamond business and how they have succeeded so far in not having synthetic diamonds tank the value of their pointless carbon crystals. They can pretend and extend for a while but sooner or later someone makes a cheap way to produce an inch wide diamond with natural looking inclusions, what's the difference.
BTW, diamonds are like the old finance version of NFTs. So think about that in terms of how long it can be before a racket is finally recognised by everyone.